Published on 7/6/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $448,000 index-linked notes on Russell, Stoxx
By Kiku Steinfeld
Chicago, July 6 – GS Finance Corp. priced $448,000 of 0% index-linked notes due July 1, 2024 tied to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index finishes at or above its initial level, the payout will be par plus 37.8%. If either index finishes below its initial level but each index finishes at or above 70% of its initial level, the payout will be par. Otherwise, investors will be fully exposed to the loss of the laggard index.
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: | Index-linked notes
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Underlying indexes: | Russell 2000, Euro Stoxx 50
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Amount: | $448,000
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Maturity: | July 1, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above initial level, par plus 37.8%; if either index declines but each index finishes at or above trigger level, par; otherwise, full exposure to loss of laggard index
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Initial index levels: | 2,221.903 for Russell, 4,217.06 for Stoxx
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Trigger levels: | 70% of initial levels
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Pricing date: | Dec. 22, 2021
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Settlement date: | Dec. 28, 2021
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Agent: | Goldman Sachs & Co. LLC
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Fees: | None
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Cusip: | 40057KFA6
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