Published on 2/3/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $450,000 index-linked notes on Dow, S&P
By Kiku Steinfeld
Chicago, Feb. 3 – GS Finance Corp. priced $450,000 of 0% index-linked notes due Sept. 6, 2024 tied to the Dow Jones industrial average and the S&P 500 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 1.47 times the return of the lesser performing index.
Otherwise, investors will lose 1% for every 1% decline of the lesser performing index.
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: | Dow Jones industrial average and S&P 500
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Amount: | $450,000
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Maturity: | Sept. 6, 2024
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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 1.47 times the return of the lesser performing index; 1% loss for every 1% decline of the lesser performing index
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Initial levels: | 35,360.73 for Dow 4,522.68 for S&P
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Pricing date: | Aug. 31
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Settlement date: | Sept. 3
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.2%
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Cusip: | 40057JFT8
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