Published on 12/30/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $3.32 million leveraged basket-linked notes
By William Gullotti
Buffalo, N.Y., Dec. 30 – GS Finance Corp. priced $3.32 million of 0% leveraged notes due Dec. 28, 2026 linked to an equally-weighted index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index and the S&P 500 index.
The payout at maturity will be par plus 1.55 times the basket gain.
If the basket declines up to 10%, investors will receive par. Otherwise, investors will lose 1% for every 1% of decline from initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged basket-linked notes
|
| Underlying indexes: | S&P 500 index, Euro Stoxx 50 index; equal weights
|
| Amount: | $3,317,000
|
| Maturity: | Dec. 28, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is positive, par plus 1.55 times basket gain; if the basket declines up to 10%, par; otherwise, 1% loss for every 1% of basket decline from initial level
|
| Initial levels: | 4,217.06 for Stoxx, 4,696.56 for S&P
|
| Barrier level: | 90% of initial basket level
|
| Pricing date: | Dec. 22
|
| Settlement date: | Dec. 27
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 40057KKC6
|
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