Published on 10/18/2022 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $1.41 million basket-linked notes on indexes, ETF
By Kiku Steinfeld
Chicago, Oct. 18 – GS Finance Corp. priced $1.41 million of 0% notes due Feb. 25, 2027 linked to an equally weighted basket of indexes and an ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index, the S&P 500 index and the iShares MSCI Emerging Markets ETF.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus any basket gain, capped at 30%.
Otherwise, investors will receive par.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Basket-linked notes
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| Basket components: | Euro Stoxx 50 index, S&P 500 index, iShares MSCI Emerging Markets ETF; equal weights
|
| Amount: | $1,406,000
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| Maturity: | Feb. 25, 2027
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus any basket gain, capped at 30%; otherwise, par
|
| Initial levels: | $48.72 for ETF, 4,074.28 for Stoxx, 4,348.87 for S&P
|
| Pricing date: | Feb. 18, 2022
|
| Settlement date: | Feb. 24, 2022
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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0%
|
| Cusip: | 40057KYP2
|
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