Published on 12/1/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $485,000 buffered basket-linked notes on indexes
Chicago, Dec. 1 – GS Finance Corp. priced $485,000 of 0% buffered notes due March 21, 2024 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The equally-weighted basket consists of the S&P 500 index and the Russell 2000 index.
The payout at maturity will be par plus the basket gain, capped at par plus 23.2%.
Investors will receive par if the basket finishes flat or falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | Buffered basket-linked notes
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Underlying indexes: | S&P 500 index and Russell 2000 index; equal weights
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Amount: | $485,000
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Maturity: | March 21, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus the basket gain, capped at par plus 23.2%; if basket finishes flat or declines by up to 20%, par; otherwise, 1% loss for every 1% decline beyond 20%
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Initial levels: | 4,411.67 for S&P, 2,065.019 for Russell
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Buffer level: | 80% of initial level
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Pricing date: | March 17
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Settlement date: | March 22
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.8%
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Cusip: | 40057LHV6
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