Published on 2/2/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.55 million index-linked notes on Russell, Nasdaq
By William Gullotti
Buffalo, N.Y., Feb. 2 – GS Finance Corp. priced $1.55 million of 0% index-linked notes due Aug. 3, 2023 linked to the least performing of the Russell 2000 index and the Nasdaq-100 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 70% trigger buffer level, the payout at maturity will be par plus 14.5%
Otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level.
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 index, Nasdaq-100 index
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Amount: | $1.55 million
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Maturity: | Aug. 3, 2023
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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 trigger buffer level, par plus 14.5%; if any index falls by more than 30%, investors will be fully exposed to the decline of the worst performing index from its initial level
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Initial levels: | 1,931.288 for Russell, 14,003.11 for Nasdaq
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Trigger buffer levels: | 70% of initial levels
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Pricing date: | Jan. 27
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Settlement date: | Feb. 3
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Agent: | Goldman Sachs & Co. LLC
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Fees: | None
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Cusip: | 40057KW33
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