New Issue: GS Finance sells $838,000 index-linked notes on Nasdaq, Dow Jones U.S. Select Dividend

By Kiku Steinfeld

Chicago, Sept. 6 – GS Finance Corp. priced $838,000 of 0% index-linked notes due Jan. 26, 2027 tied to the Nasdaq-100 index and the Dow Jones U.S. Select Dividend index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If each index closes at or above its initial level, the payout will be par plus 1.08 times the return of the lesser performing index.

If either index falls by up to 20%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline of the lesser performing index beyond 20%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Nasdaq-100, Dow Jones U.S. Select Dividend
Amount:	$838,000
Maturity:	Jan. 26, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If each index closes at or above its initial level, par plus 1.08 times the return of the lesser performing index; if either index falls by up to 20%, par; otherwise, investors will lose 1% for every 1% decline of the lesser performing index beyond 20%
Initial index levels:	871.89 for Dow, 14,438.40 for Nasdaq
Buffer levels:	80% of initial levels
Pricing date:	Jan. 21, 2022
Settlement date:	Jan. 26, 2022
Agent:	Goldman Sachs & Co. LLC
Fees:	4.375%
Cusip:	40057KTX1

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.