Published on 4/13/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.33 million index-linked notes on Dow, S&P
By Kiku Steinfeld
Chicago, April 13 – GS Finance Corp. priced $1.33 million of 0% index-linked notes due March 29, 2023 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 the worse-performing index gains or finishes flat, the payout will be par plus the return of the worse-performing index, capped at 16.5%.
If either index falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the worse-performing index falls beyond 15%.
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: | $1,333,000
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Maturity: | March 29, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worse-performing index gains or finishes flat, par plus return of worse-performing index, capped at 16.5%; if either index falls by up to 15%, par; otherwise, exposure to decline of worse-performing index beyond 15%
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Initial levels: | 34,798.00 for Dow, 4,455.48 for S&P
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Buffer levels: | 85% of initial levels
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Pricing date: | Sept. 24
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Settlement date: | Sept. 29
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.15%
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Cusip: | 40057JHN9
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