Published on 11/19/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1 million digital equity-linked notes on Alphabet
By Kiku Steinfeld
Chicago, Nov. 21 – GS Finance Corp. priced $1 million of 0% digital equity -linked notes due March 21, 2024 linked to the stock performance of Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the stock finishes at or above barrier level, 75% of initial level, the payout at maturity will be par plus 20%.
Otherwise, investors will lose 1% for every 1% that the stock declines from 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: | Digital equity-linked notes
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Underlying stock: | Alphabet Inc.
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Amount: | $1 million
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Maturity: | March 21, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the stock finishes at or above barrier level, $1,200 per $1,000 principal amount of notes; otherwise, 1% loss for every 1% of stock decline from initial level
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Initial stock level: | $2,673.81
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Barrier level: | 75% of initial level
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Pricing date: | March 16
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Settlement date: | March 21
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 2%
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Cusip: | 40057LHW4
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