Published on 6/1/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $76,000 leveraged basket-linked notes on three indexes
By Kiku Steinfeld
Chicago, June 1 – GS Finance Corp. priced $76,000 of 0% leveraged notes due Dec. 2, 2022 linked to an equally weighted basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P MidCap 400 Value index, the Russell 2000 Value index and the S&P 500 Value index, weighted equally.
The payout at maturity will be par plus 2 times any basket gain capped at 11.5%.
Investors will receive par if the basket finishes flat or falls by up to 20% and will lose 1% for every 1% of decline from its initial level.
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: | Leveraged index-linked notes
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| Underlying assets: | Russell 2000 Value index, S&P MidCap 400 Value index, S&P 500 index; equal weights
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| Amount: | $76,000
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| Maturity: | Dec. 2, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If basket return is positive, par plus 2 times any basket gain capped at 11.5%; par if basket finishes flat or declines by up to 20%; 1% loss for every 1% of basket decline from initial level
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| Initial levels: | 1,501.39 for S&P 500, 2,486.758 for Russell, 862.19 for S&P MidCap
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| Buffer level: | 80% of initial level
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| Pricing date: | Oct. 29, 2021
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| Settlement date: | Nov. 3, 2021
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.68%
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| Cusip: | 40057JSG2
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