Published on 2/1/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.23 million index-linked notes on Russell, S&P
By Kiku Steinfeld
Chicago, Feb. 1 – GS Finance Corp. priced $1.23 million of 0% index-linked notes due April 25, 2023 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout will be par plus twice the return of the lesser performing index, capped at 43%.
If the lesser performing index falls by up to 30%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the lesser performing index.
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: | Index-linked notes
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Underlying indexes: | Russell 2000, S&P 500
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Amount: | $1,234,000
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Maturity: | Jan. 24, 2025
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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, twice the return of the lesser performing index, capped at 43%; if lesser performing index falls by up to 30%, par; 1% loss for every 1% decline of lesser performing index
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Initial index levels: | 2,024.037 for Russell, 4,482.73 for S&P
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Barrier levels: | 70 % of initial index levels
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Pricing date: | Jan. 20
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Settlement date: | Jan. 25
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1%
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Cusip: | 40057KSW4
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