Published on 5/20/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $605,070 capped trigger gears on Topix
Chicago, May 20 – GS Finance Corp. priced $605,070 of 0% capped trigger gears due Oct. 31, 2024 linked to the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus double the index gain, capped at par plus 38%.
If the index finishes flat or declines up to the downside threshold, 80% of the initial level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the index from its initial level.
Goldman, Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. as selling agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Capped trigger gears
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Underlying index: | Topix
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Amount: | $605,070
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Maturity: | Oct. 31, 2024
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus two times any index gain, capped at par plus 38%; par if index finishes flat or declines up to the downside threshold; otherwise, full exposure to index decline
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Initial index level: | 2,013.81
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Downside threshold: | 1,611.048; 80% of initial level
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Pricing date: | Oct. 27, 2021
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Settlement date: | Oct. 29, 2021
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Underwriter: | Goldman, Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
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Fees: | 2.5%
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Cusip: | 36261U424
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