Published on 1/27/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $569,000 leveraged buffered basket-linked notes
By Wendy Van Sickle
Columbus, Ohio, Jan. 27 – GS Finance Corp. priced $569,000 of 0% leveraged buffered notes due March 3, 2023 linked to a weighted basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 50% weight, the Russell 2000 index with a 25% weight and the Euro Stoxx 50 index with a 25% weight.
The payout at maturity will be par plus double the basket gain up with a maximum payout of par plus 11.25%.
Investors will receive par if the basket finishes flat or falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
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: | Leveraged buffered basket-linked notes
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Underlying assets: | S&P 500 index (50%), Russell 2000 index (25%), Euro Stoxx 50 index (25%)
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Amount: | $569,000
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Maturity: | March 3, 2023
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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 two times basket gain, up to par plus 11.25%; par if basket finishes flat or declines by up to 10%; 1% loss for every 1% decline beyond 10%
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Initial levels: | 4,528.79 for S&P, 2,265.99 for Russell, 4,198.8 for Stoxx 50
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Buffer level: | 90% of initial level
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Pricing date: | Aug. 30
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Settlement date: | Sept. 2
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.6%
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Cusip: | 40057JCD6
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