Published on 6/22/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance $500,000 contingent coupon equity notes linked to Amazon
Chicago, June 22 – GS Finance Corp. priced $500,000 of contingent coupon equity-linked notes due June 10, 2022 linked to the Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent monthly coupon at an annualized rate of 8.75% if the stock closes at or above the coupon barrier level, 80% of the initial level, on the valuation date for that period.
The payout at maturity will be par plus the final coupon unless the stock finishes below the 80% barrier level, in which case investors will be fully exposed to the loss.
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: | Contingent coupon equity-linked notes
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| Underlying stock: | Amazon.com, Inc.
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| Amount: | $500,000
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| Maturity: | June 10, 2022
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| Coupon: | 8.75% per year, payable monthly if stock closes at or above coupon barrier on valuation date for that period
|
| Price: | Par
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| Payout at maturity: | Par plus coupon unless stock finishes below barrier level, in which case full exposure to decline from initial level
|
| Initial level: | $3,523.29
|
| Coupon barrier level: | 80% of initial level
|
| Barrier level: | 80% of initial level
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| Pricing date: | Dec. 8, 2021
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| Settlement date: | Dec. 13, 2021
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | None
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| Cusip: | 40057KH48
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