Published on 3/19/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1.2 million index-linked notes on three indexes
By Kiku Steinfeld
Chicago, March 21 – GS Finance Corp. priced $1.2 million of 0% index-linked notes due Sept. 20, 2024 linked to the least performing of the Nasdaq Next Generation 100 index, the MSCI ACWI IMI Cybersecurity index and the PHLX Semiconductor Sector index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each index is positive, the payout at maturity will be par plus 1.4158 times the return of the laggard index.
Otherwise, investors will be fully exposed to any losses of the worst performing index from its initial level.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Index-linked notes
|
Underlying indexes: | Nasdaq Next Generation 100 index, MSCI ACWI IMI Cybersecurity index and PHLX Semiconductor Sector index
|
Amount: | $1.2 million
|
Maturity: | Sept. 20, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the return of each index is positive, par plus 1.4158 times the return of the laggard index; otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level
|
Initial levels: | 1,375.648 for Nasdaq, 3,054.94 for MSCI, for 3,421.156 PHLX
|
Pricing date: | Sept. 17
|
Settlement date: | Sept. 22
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 3.75%
|
Cusip: | 40057JKL9
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.