Published on 5/25/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $55,000 index-linked notes on S&P, Nasdaq, Dow
Chicago, May 25 – GS Finance Corp. priced $55,000 of 0% index-linked notes due July 6, 2027 tied to the least performing of the Nasdaq-100 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout will be par plus 1.5 times the return of the least-performing index.
If the least-performing index falls by up to 30%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the least-performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| 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: | Nasdaq-100 index, S&P 500 index, Dow Jones industrial average
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| Amount: | $55,000
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| Maturity: | July 6, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above its initial level, par plus 1.5 times the least-performing index’s return; if the least-performing index falls by up to 30%, par; otherwise, 1% loss for every 1% decline of the least-performing index
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| Initial index levels: | 11,503.72 for Nasdaq, 3,785.38 for S&P and 30,775.43 for Dow
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| Trigger level: | 70% of initial levels
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| Pricing date: | June 30, 2022
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| Settlement date: | July 6, 2022
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.79%
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| Cusip: | 40057MBG3
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