Published on 10/18/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.41 million index-linked notes tied to S&P 500
By William Gullotti
Buffalo, N.Y., Oct. 18 – GS Finance Corp. priced $1.41 million of 0% index-linked notes due April 2, 2026 linked to the performance of 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 return of the index is positive, the payout at maturity will be par plus the return of the index, subject to a maximum payout of par plus 40.5%.
Otherwise, investors will receive par.
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 index: | S&P 500 index
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Amount: | $1,411,000
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Maturity: | April 2, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus the return, capped at par plus 40.5%; otherwise, par
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Initial level: | 3,585.62
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Pricing date: | Sept. 30
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Settlement date: | Oct. 5
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Agent: | Goldman Sachs & Co. LLC
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Fees: | None
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Cusip: | 40057NCV7
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