Published on 5/1/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $400,000 ETF-linked notes on ARK Fintech Innovation ETF
Chicago, May 1 – GS Finance Corp. priced $400,000 of 0% ETF-linked notes due June 12, 2024 tied to the ARK Fintech Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the ETF return is zero or positive, the payout at maturity will par plus 1.5 times the return up to a maximum payout of par plus 115.35%.
If the ETF declines but not more than 30%, investors will receive par.
Otherwise, investors will be fully exposed to the losses of the ETF.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | ETF-linked notes
|
| Underlying ETF: | ARK Fintech Innovation ETF
|
| Amount: | $400,000
|
| Maturity: | June 12, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If return is flat or positive, par plus 1.5 times ETF return with a maximum payout of $2,153.5 for each $1,000 notes; par if ETF declines but not more than 30%; otherwise, full exposure to losses of ETF
|
| Initial value: | $19.04
|
| Trigger buffer level: | 70% of initial level
|
| Pricing date: | June 7, 2022
|
| Settlement date: | June 10, 2022
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.75%
|
| Cusip: | 40057MC80
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
