Published on 4/26/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $190,000 buffered digital index-linked notes on Russell 2000
Chicago, April 26 – GS Finance Corp. priced $190,000 of 0% buffered digital notes due May 30, 2025 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than or equal to 85% of the initial level, the payout at maturity will be the maximum settlement amount, $ $1,220 per $1,000 principal amount of notes.
If the final index level is less than the initial level by more than 15%, investors will lose 1% for every 1% that the index declines beyond 15%.
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: | Buffered digital index-linked notes
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Underlying index: | Russell 2000
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Amount: | $190,000
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Maturity: | May 30, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above 85% of initial level, $1,220 per $1,000 of notes; otherwise, 1% loss for every 1% that index declines beyond 15%
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Initial index level: | 1,799.164
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Buffer level: | 85% of initial level
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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: | 2.8%
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Cusip: | 40057LWV9
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