Published on 6/27/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1.07 million index-linked notes on S&P, Dow
By William Gullotti
Buffalo, N.Y., June 27 – GS Finance Corp. priced $1.07 million of 0% index-linked notes due Dec. 28, 2023 linked to the least performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each index is zero or positive, the payout at maturity will be par plus the return of the least performing index.
If the least performing index falls by up to 13%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline beyond 13%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
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| Underlying indexes: | S&P 500 index, Dow Jones industrial average
|
| Amount: | $1,073,000
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| Maturity: | Dec. 28, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the return of each index is zero or positive, par plus the return of the least performing index; if any index falls but the final underlier level of each is greater than or equal to the 87% trigger buffer level, par; otherwise, investors will lose 1% for every 1% decline beyond 13%
|
| Initial levels: | 3,759.89 for S&P, 30,483.13 for Dow
|
| Trigger buffer levels: | 87% of initial levels
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| Pricing date: | June 22
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| Settlement date: | June 27
|
| Agent: | Goldman Sachs & Co. LLC
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| Fees: | None
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| Cusip: | 40057ME21
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