Published on 11/20/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $680,000 index-linked notes on S&P indexes
By Kiku Steinfeld
Chicago, Nov. 21 – GS Finance Corp. priced $680,000 of 0% index-linked notes due March 29, 2023 linked to the least performing of the S&P 500 index and the S&P 500 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If any index gains or falls but the return of each index is at least negative 40%, the payout will be $1,057.50 per each $1,000 principal amount.
If any index falls by more than 40%, investors will be exposed to the decline of the worst performing index.
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: | S&P 500 Value index, S&P 500 index,
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Amount: | $680,000
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Maturity: | March 29, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If any index gains or falls but the return of each index is at least negative 40%, the payout will be $1,057.50 per each $1,000 principal amount; otherwise; exposure to the decline of the worst performing index
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Initial levels: | 1,522.65 for S&P 500 Value, 4,463.12 for S&P 500
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Barrier levels: | 60% of initial levels
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Pricing date: | March 18
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Settlement date: | March 23
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.4%
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Cusip: | 40057LJA0
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