Published on 5/17/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $121,000 index-linked notes on Russell, S&P
Chicago, May 17 – GS Finance Corp. priced $121,000 of 0% index-linked notes due April 24, 2023 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout will be 1.25 times the return of the lesser performing index, capped at 22%.
If either index falls by up to 25%, the payout will be par.
Otherwise, investors will be fully exposed to the losses of the worst performer.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | Russell 2000, S&P 500
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| Amount: | $121,000
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| Maturity: | April 24, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes above its initial level, par plus 1.25 times the gain of lesser performing index, capped at 22%; if either index falls by up to barrier level, par; 1% loss for every 1% decline of lesser performing index from initial level
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| Initial index levels: | 4,519.63 for S&P and 2,275.914 for Russell
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| Barrier levels: | 75% of initial index levels
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| Pricing date: | Oct. 19, 2021
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| Settlement date: | Oct. 22, 2021
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 2.225%
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| Cusip: | 40057JSM9
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