Published on 5/31/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $384,000 underlier-linked notes on S&P, EM ETF
By Kiku Steinfeld
Chicago, May 31 – GS Finance Corp. priced $384,000 of 0% underlier-linked notes due Nov. 1, 2024 linked to the S&P 500 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If t each asset return is zero or positive, the payout at maturity will be the lesser return, capped at 36%.
If any asset falls by up to 25%, the payout will be par. If any asset falls by more than 25%, investors will be fully exposed to the decline of the least performing asset.
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: | Underlier-linked notes
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Underlying assets: | iShares MSCI Emerging Markets ETF, S&P 500 index
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Amount: | $384,000
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Maturity: | Nov. 1, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each asset return is zero or positive, par plus the lesser return, capped at 36%; if any asset falls by up to 25%, par; otherwise, full exposure to losses of lesser performer
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Initial values: | $50.92 for ETF, 4,605.38 for S&P
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Threshold levels: | 75% of initial levels
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Pricing date: | Oct. 29, 2021
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Settlement date: | Nov. 3, 2021
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Underwriter: | Goldman, Sachs & Co. LLC
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Fees: | 1.2%
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Cusip: | 40057JVC7
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