Published on 3/21/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $16.44 million index-linked notes on S&P, Dow
By Wendy Van Sickle
Columbus, Ohio, March 21 – GS Finance Corp. priced $16.44 million of 0% index-linked notes due April 3, 2023 linked to the least performing of 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 the return of each index is at least 60% of its initial level, the payout at maturity will be par plus 6.35%.
Otherwise, investors will be fully exposed to any losses of the worst 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, S&P 500 index
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Amount: | $16.44 million
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Maturity: | April 3, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of each index is at least 60% of its initial level, par plus 6.35%; otherwise, full exposure to loss of lesser-performing index
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Initial levels: | 34,063.1 for Dow, 4,357.86 for S&P
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Pricing date: | March 16
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Settlement date: | March 21
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0%
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Cusip: | 40057LKE0
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