Published on 9/4/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $181,000 index-linked notes on Stoxx, Russell
By Kiku Steinfeld
Chicago, Sept. 6 – GS Finance Corp. priced $181,000 of 0% index-linked notes due July 29, 2024 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final level of each index is positive or zero, the payout at maturity will be par plus 38%.
If the worst performer falls by up to 30%, the payout will be par.
Otherwise, investors will be fully exposed to the losses of the worst performer.
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: | Index-linked notes
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| Underlying indexes: | Russell 2000, Euro Stoxx 50
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| Amount: | $181,000
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| Maturity: | July 29, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the final level of each index is positive or zero, par plus 38%; if worst performer declines but finishes at or above 70% of initial level, par; otherwise, full exposure to losses of worst performer
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| Initial index levels: | 4,229.56 for S&P, 1,987.918 for Russell
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| Trigger buffer levels: | 70% of initial levels
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| Pricing date: | Jan. 21, 2022
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| Settlement date: | Jan. 26, 2022
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0%
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| Cusip: | 40057KP23
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