Published on 3/18/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $649,000 underlier-linked notes on indexes, ETF
By Kiku Steinfeld
Chicago, March 20 – GS Finance Corp. priced $649,000 of 0% underlier-linked notes due Dec. 3, 2027 linked to the performance of 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 closes at or above its 50% trigger buffer level on the relevant observation date, the payout at maturity will be par plus 61%.
Otherwise, investors will be fully exposed to the decline of the least performer from its initial level.
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: | $649,000
|
Maturity: | Dec. 3, 2027
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 61% if all underliers finish at or above trigger buffer level; otherwise, full exposure to decline of worst performer from its initial level
|
Initial levels: | 4,080.11 for S&P, 2,237.330 for Russell Value, $29.05 for ETF
|
Trigger buffer levels: | 50% of initial levels
|
Pricing date: | Nov. 30, 2022
|
Settlement date: | Dec. 5, 2022
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 0.53%
|
Cusip: | 40057NZQ3
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.