Published on 5/4/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1.36 million digital index-linked notes on Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, May 4 – GS Finance Corp. priced $1.36 million of 0% digital index-linked notes due Oct. 27, 2027 linked to the Euro Stoxx 50 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 initial level, the payout at maturity will be par plus the greater of the index return and 63%. If the index falls but finishes at or above its threshold level, 70% of initial level, the payout will be par. Otherwise, investors will be fully exposed to the decline.
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: | Digital index-linked notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $1.36 million
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Maturity: | Oct. 27, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above initial level, par plus greater of index return and 63%; if index finishes below initial level but above its threshold level, par; otherwise, full exposure to loss
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Initial index level: | 3,840.01
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Threshold level: | 70% of initial level
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Pricing date: | April 22
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Settlement date: | April 27
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3%
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Cusip: | 40057LN49
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