Published on 2/17/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $2.23 million digital equity-linked notes on Tesla
Chicago, Feb. 17 – GS Finance Corp. priced $2.23 million of 0% digital equity-linked notes due Nov. 7, 2023 linked to the stock performance of Tesla, 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, 50% of initial level, the payout at maturity will be par plus 27%.
Otherwise, investors will lose 1% for every 1% that the stock declines 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: | Digital equity-linked notes
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Underlying stock: | Tesla, Inc.
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Amount: | $2,229,000
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Maturity: | Nov. 7, 2023
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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, par plus 27%; otherwise, 1% loss for every 1% of stock decline from the initial level
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Initial stock level: | $902.94
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barrier level: | 50% of initial level
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Pricing date: | May 2, 2022
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Settlement date: | May 5, 2022
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.35%
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Cusip: | 40057LUL3
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