Published on 11/4/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $396,000 index-linked notes on S&P, Nasdaq
Chicago, Nov. 4 – GS Finance Corp. priced $396,000 of 0% index-linked notes due March 7, 2023 linked to the lesser performing of the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the least performing index falls by up to 25%, the payout will be par plus 8.25%.
Otherwise, investors will be fully exposed to any losses of the worst performing index 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: | Index-linked notes
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Underlying indexes: | S&P 500 index, Nasdaq-100 index
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Amount: | $396,000
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Maturity: | March 7, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the worst performer closes above its 75% of its initial level, par plus 8.25%; otherwise, full exposure to losses of worst performer
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Initial levels: | 4,386.54 for S&P, 14,243.69 for Nasdaq
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Trigger buffer levels: | 75% of initial levels
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Pricing date: | March 2
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Settlement date: | March 7
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.4%
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Cusip: | 40057L6T3
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