Published on 5/25/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $555,000 index-linked notes on S&P 500
Chicago, May 25 – GS Finance Corp. priced $555,000 of 0% index-linked notes due Nov. 2, 2026 linked to the performance of 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 return of the index is zero or positive, the payout at maturity will be par plus the index return.
Investors will receive par if the index declines but not more than 23.25%.
Otherwise, investors will be fully exposed to the losses of the index.
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 index: | S&P 500 index
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Amount: | $555,000
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Maturity: | Nov. 2, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is zero or positive, par plus index return; par if index declines but not beyond 23.25%; otherwise, investors will be fully exposed to the losses of the index
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Initial level: | 4,596.42
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Barrier level: | 76.75% of initial level
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Pricing date: | Oct. 28, 2021
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Settlement date: | Nov. 2, 2021
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.5%
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Cusip: | 40057JYP5
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