Published on 4/25/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $462,000 index-linked notes on Russell, Dow
Chicago, April 25 – GS Finance Corp. priced $462,000 of 0% index-linked notes due May 28, 2027 linked to the least performing of the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each index is zero or positive, the payout at maturity will be par plus the return of the least performing index.
If the least performing index falls by up to 32%, the payout will be par. Otherwise, investors will be exposed to the decline of the worst performing index beyond the 32% buffer.
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: | Index-linked notes
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Underlying indexes: | Russell 2000 index, Dow Jones industrial average
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Amount: | $462,000
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Maturity: | May 28, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of each index is zero or positive, par plus the return of the least performing index; if any index falls but the final underlier level of each is greater than or equal to the buffer level, par; if any index falls by more than buffer investors will be exposed to the decline of the worst performing index beyond the buffer
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Initial levels: | 1,799.164 for Russell, 32,120.28 for Dow
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Buffer levels: | 68% of initial levels
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Pricing date: | May 25, 2022
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Settlement date: | May 31, 2022
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.3%
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Cusip: | 40057LX22
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