Published on 11/3/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $392,000 index-linked notes on Euro Stoxx 50
By Kiku Steinfeld
Chicago, Nov. 3 – GS Finance Corp. priced $392,000 of 0% index-linked notes due Feb. 28, 2029 linked to the performance of 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 return of the index is zero or positive, the payout at maturity will be par plus 1.1 times the index gain.
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: | Euro Stoxx 50 index
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Amount: | $392,000
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Maturity: | Feb. 28, 2029
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is zero or positive, par plus 1.1 times index return; otherwise, investors receive par
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Initial level: | 3,973.41
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Pricing date: | Feb. 23
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Settlement date: | Feb. 28
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.5%
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Cusip: | 40057KWY5
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