Published on 5/13/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $7.89 million market-linked notes on index basket
By William Gullotti
Buffalo, N.Y., May 13 – GS Finance Corp. priced $7.89 million of 0% market-linked notes due Sept. 15, 2027 linked to an equally-weighted basket of indexes, according to a 424B2 with the Securities and Exchange Commission.
The securities are guaranteed by Goldman Sachs Group, Inc.
The basket consists of the Euro Stoxx 50 index, the S&P 500 index and the Topix index.
If the basket finishes positive, the payout at maturity will be par plus 1.2 times the gain.
If the basket finishes flat or declines, investors will receive par.
Goldman Sachs & Co. LLC is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Market-linked notes
|
| Underlying indexes: | Euro Stoxx 50 index, S&P 500 index, Topix index; equal weights
|
| Amount: | $7,891,000
|
| Maturity: | Sept. 15, 2027
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.2 times any basket gain; par if basket finishes flat or declines
|
| Initial levels: | 3,554.8 for Stoxx, 4,001.05 for S&P, 1,862.38 for Topix
|
| Pricing date: | May 10
|
| Settlement date: | May 13
|
| Agent: | Goldman Sachs & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3.5%
|
| Cusip: | 36263Q223
|
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