Published on 12/7/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $750,000 index-linked notes on S&P, Russell, Nasdaq
By Kiku Steinfeld
Chicago, Dec. 7 – GS Finance Corp. priced $750,000 of 0% index-linked notes due April 5, 2027 tied to the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index finishes at or above its initial level, the payout at maturity will be par plus 125% of the least performing index return.
If any index falls by up to 20%, the payout will be par.
If any index falls by more than 20%, investors will be fully exposed to the decline of the least performing index beyond 20%.
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: | Index-linked notes
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Underlying indexes: | S&P 500, Russell 2000, Nasdaq-100
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Amount: | $750,000
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Maturity: | April 5, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above its initial level, par plus 125% of the least performing index return; if any index falls by up to 20%, par; if any index falls by more than 20%, investors will be fully exposed to the decline of the least performing index beyond 20%
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Initial index levels: | 4,530.41 for S&P, 2,070.125 for Russell, 14,838.49 for Nasdaq
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Buffer: | 80% of initial levels
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Pricing date: | March 31
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Settlement date: | April 5
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.25%
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Cusip: | 40057LLY5
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