Published on 4/27/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $7.82 million leveraged buffered basket-linked notes
By William Gullotti
Buffalo, N.Y., April 27 – GS Finance Corp. priced $7.82 million of 0% leveraged buffered notes due July 26, 2023 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with an 65% weight, the Nikkei 225 index with a 25% weight and the S&P/ASX 200 index with a 10% weight.
The payout at maturity will be par plus 1.27 times the basket gain.
Investors will receive par if the basket finishes flat or falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
The notes are guaranteed by Goldman Sachs Group, Inc.
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 buffered index-linked notes
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Underlying assets: | Euro Stoxx 50 index (65%), Nikkei 225 index (25%), S&P/ASX 200 index (10%)
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Amount: | $7,823,000
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Maturity: | July 26, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus 1.27 times basket gain; par if basket finishes flat or declines by up to 10%; 1.1111% loss for every 1% decline beyond 10%
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Initial levels: | 4,229.56 for Stoxx, 27,522.26 for Nikkei, 7,175.814 for S&P/ASX
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Buffer level: | 90% of initial level
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Pricing date: | Jan. 21
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Settlement date: | Jan. 26
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.35%
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Cusip: | 40057KUB7
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