Published on 11/19/2022 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $295,000 basket-linked notes on indexes, ETF
By Kiku Steinfeld
Chicago, Nov. 21 – GS Finance Corp. priced $295,000 of 0% notes due March 25, 2027 linked to an equally weighted basket of indexes and an ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index, the S&P 500 index and the iShares MSCI Emerging Markets ETF.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus any basket gain, capped at 38%.
Otherwise, investors will receive par.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Basket-linked notes
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Basket components: | Euro Stoxx 50 index, S&P 500 index, iShares MSCI Emerging Markets ETF; equal weights
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Amount: | $295,000
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Maturity: | March 25, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any basket gain, capped at 38%; otherwise, par
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Initial levels: | $45.36 for ETF, 3,902.44 for Stoxx, 4,463.12 for S&P
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Pricing date: | March 18
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Settlement date: | March 23
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Agent: | Goldman Sachs & Co.
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Fees: | 0%
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Cusip: | 40057LAW1
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