Published on 11/18/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $465,000 equity-linked notes on Zoom
By Kiku Steinfeld
Chicago, Nov. 18 – GS Finance Corp. priced $465,000 of 0% equity-linked notes due Sept. 21, 2023 tied to the common stock of Zoom Video Communications, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the stock finishes at or above its initial level, the payout will be par plus the stock return, capped at $2,080 for each $1,000 face amount.
If the stock declines by up to 40%, the payout will be par.
Otherwise, the payout will be par plus the return of the stock with full exposure to the decline.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Equity-linked notes
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Underlying stock: | Zoom Video Communications, Inc.
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Amount: | $465,000
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Maturity: | Sept. 21, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the stock finishes at or above its initial level, par plus the return, capped at $2,080 for each $1,000 face amount; if the stock declines by up to 40%, par; otherwise, par plus the return of the stock with full exposure to the decline
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Initial index stock price: | $106.84
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Trigger level: | 60% of initial level
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Pricing date: | March 16
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Settlement date: | March 21
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.6%
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Cusip: | 40057LHY0
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