Published on 8/8/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.42 million index-linked notes on S&P 500
By William Gullotti
Buffalo, N.Y., Aug. 8 – GS Finance Corp. priced $1.42 million of 0% index-linked notes due Aug. 1, 2024 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes positive, the payout at maturity will be par plus the index gain, subject to a maximum return of par plus 14%. Otherwise, investors will receive par.
Goldman Sachs & Co. LLC is the underwriter.
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 index: | S&P 500 index
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Amount: | $1,421,000
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Maturity: | Aug. 1, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes at or above its initial level, par plus the index return capped at 14%; otherwise, par
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Initial level: | 4,130.29
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Pricing date: | July 29
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Settlement date: | Aug. 3
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.25%
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Cusip: | 40057MS83
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