Published on 3/13/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $675,000 underlier-linked notes on indexes, ETF
By Kiku Steinfeld
Chicago, March 14 – GS Finance Corp. priced $675,000 of 0% underlier-linked notes due Sept. 21, 2026 linked to the lesser performing of the Nasdaq-100 index, the Dow Jones industrial average and the iShares MSCI Emerging Markets ETF, 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 underlier is zero or positive, the payout at maturity will be par plus 3.6 times the return of the least performer, capped at 80%.
If the return of each underlier is negative but greater than or equal to negative 30%, the payout will be par.
If any underlier falls by more than 30%, investors will be exposed to the decline of the least performer from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Underlier-linked notes
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| Underlying assets: | Nasdaq-100 index, Dow Jones industrial average and iShares MSCI Emerging Markets ETF
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| Amount: | $675,000
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| Maturity: | Sept. 21, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the return of each underlier is zero or positive, par plus 3.6 times the return of the least performer, capped at 80%; if the return of each underlier is negative but greater than or equal to negative 30%, par; if any underlier falls by more than 30%, exposure to the decline of the least performer
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| Initial levels: | 15,515.91 for Nasdaq, 34,751.32 for Dow and $51.59 for iShares
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| Buffer levels: | 70% of initial levels
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| Pricing date: | Sept. 16
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| Settlement date: | Sept. 21
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.56%
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| Cusip: | 40057JJF4
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