Published on 2/9/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1.17 million buffered PLUS linked to Euro Stoxx 50
Chicago, Feb. 9 – GS Finance Corp. priced $1.17 million of 0% buffered Performance Leveraged Upside Securities due Nov. 5, 2024 tied to 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 index return is positive, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum payment of $14.86 per $10 notes. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is acting as dealer.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Buffered Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $1,167,640
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Maturity: | Nov. 5, 2024
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index gains, par plus 200% of index gain, subject to $14.86 maximum payment per $10 notes; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
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Initial level: | 3,802.86
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Buffer level: | 90% of initial level
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Pricing date: | April 29, 2022
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Settlement date: | May 5, 2022
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Underwriter: | Goldman Sachs & Co. LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 3%
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Cusip: | 36264H693
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