New Issue: GS Finance prices $37,000 leveraged notes tied to index basket

By Kiku Steinfeld

Chicago, July 7 – GS Finance Corp. priced $37,000 of 0% leveraged notes due Jan. 26, 2023 linked to an equally weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Russell 2000 Value index, the S&P 500 Value index and the S&P MidCap 400 Value index.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the basket return is positive, the payout at maturity will be par plus 2 times the basket return, capped at $1,130 per $1,000 of notes.

If the basket declines by no more than 15%, the payout will be par. Otherwise, investors will be fully exposed to the decline of the basket from its initial level.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged notes
Underlying indexes:	Russell 2000 Value index, S&P 500 Value index, S&P MidCap 400 Value index, equally weighted
Amount:	$37,000
Maturity:	Jan. 26, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any basket gain, capped at $1,130 per $1,000 of notes; par if basket declines but finishes at or above barrier level; otherwise, full exposure to decline from initial level
Initial levels:	1,518.46 S&P 500, 2,456.541 for Russell, 867.36 for S&P MidCap
Barrier levels:	85% of initial levels
Pricing date:	Dec. 22, 2021
Settlement date:	Dec. 28, 2021
Agent:	Goldman Sachs & Co. LLC
Fees:	0.68%
Cusip:	40057KCR2

© 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.