Published on 12/6/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.82 million contingent buffered market-linked notes tied to S&P
By William Gullotti
Buffalo, N.Y., Dec. 6 – GS Finance Corp. priced $1.82 million of 0% market-linked securities – contingent fixed return and fixed percentage buffered downside due June 5, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its 85% threshold, the payout at maturity will be par plus 12.8%.
Otherwise, investors will lose 1% for each 1% decline of the index beyond 15%.
The securities are guaranteed by Goldman Sachs Group, Inc.
Wells Fargo Securities LLC and Goldman Sachs & Co. LLC are the agents.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Market-linked securities – contingent fixed return and fixed percentage buffered downside
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Underlying: | S&P 500 index
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Amount: | $1,824,000
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Maturity: | June 5, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above threshold level, par plus 12.8%; otherwise, 1% loss for every 1% decline of index beyond 15%
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Initial level: | 4,080.11
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Threshold level: | 85% of initial level
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Pricing date: | Nov. 30
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Settlement date: | Dec. 5
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Agent: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
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Fees: | 2.54%
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Cusip: | 40057NVC8
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