Published on 5/19/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $13.31 million market-linked notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, May 19 – GS Finance Corp. priced $13.31 million of 0% market-linked notes due June 5, 2029 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.
The payout at maturity will be par plus any index gain, capped at par plus 88.5%. If the index falls, the payout will be par.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Market-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $13,310,430
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| Maturity: | June 5, 2029
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus any index gain, capped at par plus 88.5%; floor of par
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| Initial level: | 4,023.89
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| Pricing date: | May 13
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| Settlement date: | May 18
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 3.5%
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| Cusip: | 36263Q181
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