Published on 3/21/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $2.82 million trigger PLUS linked to Euro Stoxx 50
By William Gullotti
Buffalo, N.Y., March 21 – GS Finance Corp. priced $2.82 million of 0% trigger Performance Leveraged Upside Securities due April 5, 2028 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par of $10 plus 236.5% of the return.
If the index declines by 25% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.
Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is a dealer.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Trigger Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $2,817,700
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Maturity: | April 5, 2028
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If final index level is greater than or equal to the initial level, par plus 236.5% of index return; if final index level is less than initial index level but greater than or equal to trigger level, par; if final index level is less than trigger level, 1% loss for every 1% that index declines from initial level
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Initial index levels: | 3,889.69
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Trigger level: | 2,917.2675; 75% of initial level
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Pricing date: | March 16
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Settlement date: | March 21
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Underwriter: | Goldman Sachs & Co. LLC
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Selected dealer: | Morgan Stanley Wealth Management
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Fees: | 3.5%
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Cusip: | 36262Y623
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