Published on 4/21/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.2 million leveraged underlier-linked notes on index, ETF
By William Gullotti
Buffalo, N.Y., April 21 – GS Finance Corp. priced $2.2 million of 0% leveraged underlier-linked notes due Jan. 17, 2025 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each underlier finishes at or above its initial value, the payout at maturity will be par plus 1.04 times the return of the laggard underlier.
Otherwise, investors will lose 1% for each 1% that the laggard underlier declines from its initial value to a minimum payout of 95% of par.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged underlier-linked notes
|
| Underlying assets: | Euro Stoxx 50 index, iShares MSCI EAFE ETF
|
| Amount: | $2,201,000
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| Maturity: | Jan. 17, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.04 times any gain in laggard underlier; otherwise, 1% loss for each 1% decline of worst performer to a minimum payout of 95% of par
|
| Initial values: | $73.22 for ETF, 4,390.75 for index
|
| Pricing date: | April 14
|
| Settlement date: | April 19
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.725%
|
| Cusip: | 40057RG36
|
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