Published on 8/15/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $5.4 million index-linked notes on GS Momentum Builder index
Chicago, Aug. 15 – GS Finance Corp. priced $5.4 million of 0% index-linked notes July 30, 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.
If the return of the index is positive, the payout at maturity will be par plus 500% of the return of the index.
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: | $5,401,000
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Maturity: | July 30, 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 500% of the return; otherwise, par
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Initial level: | 101.74
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Pricing date: | July 26
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Settlement date: | July 29
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.99%
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Cusip: | 40057MKW8
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