Published on 5/3/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1.08 million digital index-linked notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, May 3 – GS Finance Corp. priced $1.08 million of 0% digital index-linked notes due April 24, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above its threshold level, 85% of initial level, the payout at maturity will be par plus 16.6%. Otherwise, investors will lose 1.1765% for every 1% that the index declines below 15%.
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: | Digital index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $1,079,000
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Maturity: | April 24, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above threshold level, par plus 16.6%; otherwise, 1.1765% loss for every 1% of index decline below 15%
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Initial index level: | 4,271.78
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Threshold level: | 85% of initial level
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Pricing date: | April 22
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Settlement date: | April 29
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.5%
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Cusip: | 40057LSR3
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