Published on 4/27/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $12.1 million index-linked notes on S&P 500
By William Gullotti
Buffalo, N.Y., April 27 – GS Finance Corp. priced $12.1 million of 0% index-linked notes due Feb. 8, 2023 linked to the performance of 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 index finishes at or above its 85% trigger buffer level, the payout will be par plus 8.4%.
Otherwise, investors will be fully exposed to the index’s decline from its initial level.
Goldman Sachs & Co. LLC is the agent with JPMorgan as placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
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| Underlying index: | S&P 500 index
|
| Amount: | $12,103,000
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| Maturity: | Feb. 8, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above trigger buffer level, par plus 8.4%; if the index falls by more than 15%, investors will be fully exposed to the index’s decline from its initial level
|
| Initial level: | 4,397.94
|
| Trigger buffer level: | 85% of initial levels
|
| Pricing date: | Jan. 21
|
| Settlement date: | Jan. 26
|
| Agent: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
|
| Fees: | 1%
|
| Cusip: | 40057KUA9
|
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