Published on 8/11/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $2.16 million digital index-linked notes on Russell 2000
By William Gullotti
Buffalo, N.Y., Aug. 11 – GS Finance Corp. priced $2.16 million of 0% digital index-linked notes due Aug. 8, 2025 linked to the Russell 2000 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 at or above its threshold level, 60% of initial level, the payout at maturity will be par plus 21.2%.
Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.
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: | Digital index-linked notes
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Underlying index: | Russell 2000 index
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Amount: | $2,159,000
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Maturity: | Aug. 8, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above threshold level, par plus 21.2%; otherwise, 1% loss for every 1% of index decline from initial level
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Initial index level: | 1,921.824
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Threshold level: | 60% of initial level
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Pricing date: | Aug. 5
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Settlement date: | Aug. 10
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1%
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Cusip: | 40057MUG2
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