Published on 6/8/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.28 million underlier-linked notes on index, ETF
Chicago, June 8 – GS Finance Corp. priced $1.28 million of 0% underlier-linked notes due Nov. 30, 2026 linked to the Invesco QQQ Trust, Series 1 and 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 1.29 times any gain of the lesser-performing asset.
If the lesser-performing asset falls by up to 20%, the payout will be par.
If either underlier falls by more than 20%, investors will lose 1% for every 1% decline of the lesser performing underlier.
Goldman, Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Underlier-linked notes
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| Underlying assets: | Invesco QQQ Trust, Series 1 and S&P 500 index
|
| Amount: | $1,279,000
|
| Maturity: | Nov. 30, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.29 times any gain of lesser-performing underlier; par if lesser-performing underlier falls by up to 20%; full exposure to loss of lesser-performing underlier if it falls by more than 20%
|
| Initial levels: | 4,701.46 for index and $398.76 for ETF
|
| Barrier levels: | 80% of initial levels
|
| Pricing date: | Nov. 24, 2021
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| Settlement date: | Nov. 30, 2021
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| Underwriter: | Goldman, Sachs & Co. LLC
|
| Fees: | 3.3%
|
| Cusip: | 40057K3N1
|
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