Published on 5/19/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.22 million leveraged index-linked notes on S&P 500
Chicago, May 19 – GS Finance Corp. priced $1.22 million of 0% leveraged index-linked notes due Oct. 29, 2026 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.25 times the index return, capped at 60.2%.
If the index is flat or declines by up to 30%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1% for every 1% decline from the initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Issue: | Leveraged index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,215,000
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| Maturity: | Oct. 29, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is positive, par plus 1.25 times the index return, capped at 60.2%; if the index is flat or declines by up to barrier, par plus absolute value of the index return; otherwise, investors will lose 1% for every 1% decline from initial level
|
| Initial index level: | 4,574.79
|
| Trigger level: | 70% of initial level
|
| Pricing date: | Oct. 26, 2021
|
| Settlement date: | Oct. 29, 2021
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | None
|
| Cusip: | 40057JUL8
|
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