Published on 3/4/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $5.27 million capped airbag gears tied to MSCI EAFE
By William Gullotti
Buffalo, N.Y., March 4 – GS Finance Corp. priced $5.27 million of 0% capped airbag gears due March 6, 2024 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum settlement amount of 39%. Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% index decline beyond 10%.
Goldman Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. as selling agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Capped airbag gears
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Underlying index: | MSCI EAFE
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Amount: | $5,266,000
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Maturity: | March 6, 2024
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 1.5 times any index gain, capped at 39%; par if the index falls by up to 10%; 1.1111% loss for each 1% index decline beyond 10%
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Initial level: | 2,139.38
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Buffer level: | 90% of initial level
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Pricing date: | March 1
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Settlement date: | March 4
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Underwriter: | Goldman Sachs & Co. LLC
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Selling agent: | UBS Financial Services Inc.
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Fees: | 0%
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Cusip: | 36262Y748
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