Published on 7/12/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $14.52 million lookback PLUS linked to S&P 500
By William Gullotti
Buffalo, N.Y., July 12 – GS Finance Corp. priced $14.52 million of 0% lookback Performance Leveraged Upside Securities due Jan. 5, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 200% of any index gain, subject to a maximum payout of par plus 16%.
Investors will be exposed to any index decline.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent with Morgan Stanley Wealth Management acting as dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor | Goldman Sachs Group, Inc.
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| Issue: | Lookback Performance Leveraged Upside Securities
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| Underlying index: | S&P 500 index
|
| Amount: | $14,518,500
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| Maturity: | Jan. 5, 2024
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| Coupon: | 0%
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| Price: | Par of $10
|
| Payout at maturity: | Par plus 200% of any index gain, capped at par plus 16%; full exposure to losses
|
| Initial level: | Lowest closing level of the index on any trading day during the six-week period ending Aug. 11; initial level may not exceed pricing date closing level, 3,785.38
|
| Pricing date: | June 30
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| Settlement date: | July 6
|
| Agent: | Goldman Sachs & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 36263Q538
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