Published on 6/7/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $2.34 million basket-linked notes on equally weighted index basket
By William Gullotti
Buffalo, N.Y., June 7 – GS Finance Corp. priced $2.34 million of 0% notes due June 5, 2024 linked to an equally weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Russell 2000 index, the Dow Jones industrial average and the S&P 500 index.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the basket return is positive, the payout at maturity will be par plus the basket return, subject to a maximum payout of par plus 9.5%.
Otherwise, investors will receive par.
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: | Basket-linked notes
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Underlying indexes: | Russell 2000 index, Dow Jones industrial average, S&P 500 index; equal weights
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Amount: | $2,339,000
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Maturity: | June 5, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the basket finishes positive, par plus the basket return capped at 9.5%; otherwise, investors will receive par
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Initial levels: | 1,864.043 for Russell, 32,990.12 for Dow, 4,132.15 for S&P
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Pricing date: | May 31
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Settlement date: | June 3
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.75%
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Cusip: | 40057MBW8
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