Published on 9/4/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $613,000 leveraged index-linked notes on Stoxx
By Kiku Steinfeld
Chicago, Sept. 6 – GS Finance Corp. priced $613,000 of 0% leveraged index-linked notes due Jan. 28, 2027 tied 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 index return is positive, investors will receive par plus 1.6 times the index gain.
If the index return is flat or falls by up to 30%, investors will receive par plus the absolute value of the return. If the index declines by more than 30%, investors will lose 1% for every 1% decline of the index.
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: | Leveraged index-linked notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $613,000
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Maturity: | Jan. 28, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.6 times index gain; if index return is flat or falls by up to 30%, par plus the absolute value of the return; otherwise, 1% loss for every 1% decline
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Initial index level: | 4,229.56
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Trigger level: | 70% of initial level
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Pricing date: | Jan. 21, 2022
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Settlement date: | Jan. 26, 2022
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0%
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Cusip: | 40057KNV1
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