Published on 3/17/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $5.63 million index-linked notes on two Stoxx indexes
By William Gullotti
Buffalo, N.Y., March 17 – GS Finance Corp. priced $5.63 million of 0% index-linked notes due March 18, 2025 linked to the least performing of the Stoxx Europe 600 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each index is zero or positive, the payout at maturity will be par plus 2.6 times the return of the laggard index.
Otherwise, investors will be fully exposed to any losses of the worst performing index from its initial level.
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 indexes: | Stoxx Europe 600 index, Euro Stoxx 50 index
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Amount: | $5,629,000
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Maturity: | March 18, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of each index is zero or positive, par plus 2.6 times the return of the laggard index; otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level
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Initial levels: | 431.17 for Stoxx Europe, 3,686.78 for Stoxx 50
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Pricing date: | March 11
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Settlement date: | March 18
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.5%
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Cusip: | 40057LC58
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