Published on 7/17/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.43 million index-linked notes on GS Momentum Builder
By Kiku Steinfeld
Chicago, July 18 – GS Finance Corp. priced $1.43 million of 0% index-linked notes due July 2, 2026 linked to the performance of the GS Momentum Builder Focus ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus any index gain.
Otherwise, investors will receive par.
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 index: | GS Momentum Builder Focus ER index
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Amount: | $1,428,000
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Maturity: | July 2, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus the gain; otherwise, par
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Initial level: | 104.13
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Pricing date: | Dec. 28, 2021
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Settlement date: | Dec. 31, 2021
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.47%
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Cusip: | 40057KAH6
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