Published on 6/29/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.17 million index-linked notes on Dow Select, Russell, Nasdaq
Chicago, June 29 – GS Finance Corp. priced $1.17 million of 0% index-linked notes due Dec. 22, 2026 tied to the lesser performing of the Nasdaq-100 index, the Dow Jones U.S. Select Dividend index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus the 1.49 times the return of the worst performer.
If the worst performer declines but finishes at or above 60% of its initial level, the payout will be par.
If any index falls by more than 40%, investors will be exposed to the decline of the worst performing index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying indexes: | Nasdaq-100 index, Dow Jones U.S. Select Dividend index and Russell 2000 index
|
| Amount: | $1,170,000
|
| Maturity: | Dec. 22, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.49 times return of worst performer if all three indexes close above initial levels; par if worst performer declines but finishes above trigger buffer level; otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level
|
| Initial index levels: | 2,173.931 for Russell, 15,801.46 for Nasdaq, 852.23 for Dow Select
|
| Trigger buffer levels: | 60% of initial levels
|
| Pricing date: | Dec. 17, 2021
|
| Settlement date: | Dec. 22, 2021
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.375%
|
| Cusip: | 40057KHS5
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
