Published on 3/19/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.5 million index-linked notes on three indexes
By Kiku Steinfeld
Chicago, March 21 – GS Finance Corp. priced $1.5 million of 0% index-linked notes due Sept. 20, 2024 tied to the Dow Jones industrial average, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout will be par plus 145% any gain of the laggard index. If any index falls but each finish at or above 74% of its initial level, the payout will be par. Otherwise, investors will be fully exposed to the loss of the laggard index.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | Dow Jones industrial average, S&P 500 index, Russell 2000 index
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| Amount: | $1.5 million
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| Maturity: | Sept. 20, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | par plus 145% any gain of laggard index, if any index declines but each finish at or above trigger level, par; otherwise, full exposure to loss of laggard index
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| Initial index levels: | 34,584.88 for Dow, 4,432.99 for S&P, 2,236.871 for Russell
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| Trigger buffer levels: | 74% of initial levels
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| Pricing date: | Sept. 17
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| Settlement date: | Sept. 22
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.2%
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| Cusip: | 40057JDH6
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