Published on 8/3/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $3.75 million capped market-linked notes with principal return on basket
By William Gullotti
Buffalo, N.Y., Aug. 3 – GS Finance Corp. priced $3.75 million of 0% market-linked securities – upside participation to a cap and principal return at maturity due Feb. 2, 2026 linked to an equally-weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index and the S&P 500 index.
If the basket finishes at or above its initial level, the payout at maturity will be par plus the return, subject to a maximum payout of par plus 27%.
Otherwise, investors will receive par
The securities are guaranteed by Goldman Sachs Group, Inc.
Wells Fargo Securities LLC and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Market-linked securities – upside participation to a cap and principal return at maturity
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| Underlying indexes: | Euro Stoxx 50 index, S&P 500 index; equal weights
|
| Amount: | $3,752,000
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| Maturity: | Feb. 2, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the basket finishes at or above initial level, par plus the return capped at 27%; otherwise, par
|
| Initial levels: | 4,072.43 for S&P, 3,652.2 for Stoxx
|
| Pricing date: | July 28
|
| Settlement date: | Aug. 2
|
| Agent: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
|
| Fees: | 3.87%
|
| Cusip: | 40057MJM2
|
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