Published on 5/12/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $282,000 index-linked notes on S&P 500
Chicago, May 12 – GS Finance Corp. priced $282,000 of 0% notes due Dec. 21, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes above its initial level, the payout at maturity will be par plus the gain, capped at 11.75%.
Otherwise, investors will be fully exposed to the decline, with a minimum payout of $950 per $1,000 note.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $282,000
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Maturity: | Dec. 21, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any gain, capped at the 11.75%; full exposure to any index decline, subject to minimum payout of $950 per $1,000 note
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Initial index level: | 3,674.84
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Pricing date: | June 17, 2022
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Settlement date: | June 23, 2022
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.6%
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Cusip: | 40057MEB1
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