Published on 11/16/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.49 million underlier-linked notes tied to indexes, ETF
By William Gullotti
Buffalo, N.Y., Nov. 16 – GS Finance Corp. priced $1.49 million of 0% underlier-linked notes due Sept. 26, 2025 linked to the S&P 500 index, the Russell 2000 Value index and the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each underlier finishes at or above 55% of initial level, the payout will be par plus 37%.
Otherwise, investors will lose 1% for each 1% that the worst performer declines from its initial value.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Underlier-linked notes
|
| Underlying assets: | S&P 500 index, Russell 2000 Value index, VanEck Vectors Gold Miners ETF
|
| Amount: | $1,488,000
|
| Maturity: | Sept. 26, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each underlier finishes at or above barrier level, par plus 37%; otherwise, 1% loss for every 1% decline of worst performer from initial value
|
| Initial values: | $22.44 for ETF, 3,693.23 for S&P, 1,981.753 for Russell Value
|
| Barrier level: | 55% of initial levels
|
| Pricing date: | Sept. 23
|
| Settlement date: | Sept. 28
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.81%
|
| Cusip: | 40057NB63
|
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