Published on 2/10/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $541,000 index-linked notes on S&P, Russell
By Kiku Steinfeld
Chicago, Feb. 10 – GS Finance Corp. priced $541,000 of 0% index-linked notes due Feb. 4, 2027 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each index is zero or positive, the payout at maturity will be par plus 1.1 times the return of the least performing index.
If any index falls but the return of each index is at least negative 15%, the payout will be par.
If any index falls by more than 15%, investors will lose 1% for each 1% decline of the worst performing index beyond 15%.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Index-linked notes
|
Underlying indexes: | S&P 500 index, Russell 2000 index
|
Amount: | $541,000
|
Maturity: | Feb. 4, 2027
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the return of each index is zero or positive, par plus 1.1 times the return of the least performing index; if any index falls but the return of each index is at least negative 15%, par; if any index falls by more than 15%, investors will lose 1% for each 1% decline of the worst performing index beyond 15%
|
Initial levels: | 4,515.55 for S&P, 2,028.453 for Russell
|
Buffer levels: | 85% of initial levels
|
Pricing date: | Jan. 31
|
Settlement date: | Feb. 3
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 3.75%
|
Cusip: | 40057KZK2
|
© 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.