Published on 6/13/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $194,000 leveraged basket-linked notes on three indexes
Chicago, June 13 – GS Finance Corp. priced $194,000 of 0% leveraged notes Jan. 5, 2023 linked to an equally weighted basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P MidCap 400 Value index, the Russell 2000 Value index and the S&P 500 Value index, weighted equally.
The payout at maturity will be par plus two times any basket gain capped at 12.5%.
Investors will receive par if the basket finishes flat or falls by up to 15% and will lose 1% for every 1% of decline from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | Leveraged index-linked notes
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| Underlying assets: | Russell 2000 Value index, S&P MidCap 400 Value index, S&P 500 index; equal weights
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| Amount: | $194,000
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| Maturity: | Jan. 5, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If basket return is positive, par plus two times any basket gain capped at 12.5%; par if basket finishes flat or declines by up to 15%; 1% loss for every 1% of basket decline from initial level
|
| Initial levels: | 1,449.31 for S&P 500, 2,397.498 for Russell, 841.27 for S&P MidCap
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| Buffer level: | 85% of initial level
|
| Pricing date: | Nov. 30, 2021
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| Settlement date: | Dec. 3, 2021
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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.68%
|
| Cusip: | 40057JY67
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