Published on 5/17/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $782,000 underlier-linked notes tied to indexes, ETF
Chicago, May 17 – GS Finance Corp. priced $782,000 of 0% underlier-linked notes due June 26, 2025 linked to the lesser performing of the Russell 2000 Value index, the S&P 500 index and the VanEck Junior 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 finishes at or above its barrier level, 60% of initial value, the payout at maturity will be par plus 42%.
Otherwise, investors will lose 1% for each 1% that the worst performer declines from its initial value.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| 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 Junior Gold Miners ETF
|
| Amount: | $782,000
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| Maturity: | June 26, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each underlier finishes at or above barrier level, par plus 42%; otherwise, 1% loss for every 1% decline of worst performer from initial value
|
| Initial values: | $36.75 for ETF, 3,764.79 for S&P, 2,054.677 for Russell Value
|
| Barrier levels: | 60% of initial levels
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| Pricing date: | June 21, 2022
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| Settlement date: | June 24, 2022
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.75%
|
| Cusip: | 40057MF61
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