Published on 4/28/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $53.83 million buffered digital notes on S&P 500
By William Gullotti
Buffalo, N.Y., April 28 – GS Finance Corp. priced $53.83 million of 0% buffered digital index-linked notes due Aug. 2, 2023 linked to 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 flat or positive, the payout at maturity will be par plus 9%.
If the index declines up to 25%, investors will receive par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 25%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered digital index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $53,827,000
|
| Maturity: | Aug. 2, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above initial level, par plus 9%; if the index declines up to 25%, par; otherwise, 1% loss for every 1% decline beyond 25%
|
| Initial index level: | 4,326.51
|
| Buffer value: | 75% of initial level
|
| Strike date: | Jan. 27
|
| Pricing date: | Jan. 28
|
| Settlement date: | Feb. 2
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.25%
|
| Cusip: | 40057KZF3
|
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