Published on 3/18/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $649,000 underlier-linked notes on indexes, ETF
By Kiku Steinfeld
Chicago, March 20 – GS Finance Corp. priced $649,000 of 0% underlier-linked notes due Dec. 3, 2027 linked to the performance of the S&P 500 index, the Russell 2000 Value index and the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each underlier closes at or above its 50% trigger buffer level on the relevant observation date, the payout at maturity will be par plus 61%.
Otherwise, investors will be fully exposed to the decline of the least performer 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: | Underlier-linked notes
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| Underlying assets: | S&P 500 index, Russell 2000 Value index, VanEck Vectors Gold Miners ETF
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| Amount: | $649,000
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| Maturity: | Dec. 3, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 61% if all underliers finish at or above trigger buffer level; otherwise, full exposure to decline of worst performer from its initial level
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| Initial levels: | 4,080.11 for S&P, 2,237.330 for Russell Value, $29.05 for ETF
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| Trigger buffer levels: | 50% of initial levels
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| Pricing date: | Nov. 30, 2022
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| Settlement date: | Dec. 5, 2022
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.53%
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| Cusip: | 40057NZQ3
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