Published on 2/10/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $805,000 index-linked notes on S&P 500
By Kiku Steinfeld
Chicago, Feb. 10 – GS Finance Corp. priced $805,000 of 0% index-linked notes due Feb. 5, 2030 based on the performance of the S&P 500 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 60% of any index gain.
Investors will lose 1% for every 1% decline of the index.
Goldman, Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $805,000
|
| Maturity: | Feb. 5, 2030
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 60% of any index gain; 1% loss for every 1% decline
|
| Initial index level: | 4,515.55
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 3
|
| Agent: | Goldman, Sachs & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 40057KVK6
|
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