Published on 6/27/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.49 million buffered index-linked notes on S&P 500
By William Gullotti
Buffalo, N.Y., June 27 – GS Finance Corp. priced $1.49 million of 0% buffered index-linked notes due July 10, 2023 based on the performance of 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 any index gain, up to the maximum settlement amount of $1,195 per $1,000 principal amount of notes.
If the index falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 10%.
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: | Buffered index-linked notes
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Underlying index: | S&P 500
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Amount: | $1,485,000
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Maturity: | July 10, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at $1,195 per $1,000 principal amount of notes; if index falls by up to 10%, par; 1% loss for every 1% decline beyond 10%
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Initial index level: | 3,759.89
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Buffer level: | 90% of initial level
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Pricing date: | June 22
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Settlement date: | June 27
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Agent: | Goldman, Sachs & Co. LLC
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Fees: | 0.7%
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Cusip: | 40057MG78
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