Published on 5/1/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $854,000 leveraged buffered index-linked notes on Russell
Chicago, May 1 – GS Finance Corp. priced $854,000 of 0% leveraged buffered index-linked notes due June 11, 2027 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 100.5% of the return of the index. The payout will be par if the index declines but by no more than the 20% buffer. Investors will lose 1% for every 1% that the index declines beyond the buffer.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered index-linked notes
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| Underlying index: | Russell 2000 index
|
| Amount: | $854,000
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| Maturity: | June 11, 2027
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains par plus 100.5% of index return; par if index declines but by no more than 20% buffer; otherwise, par minus index decline beyond buffer
|
| Initial level: | 1,891.007
|
| Upside leverage: | 100.5%
|
| Cap: | None
|
| Buffer: | 20%
|
| Downside leverage: | 100%
|
| Pricing date: | June 8, 2022
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| Settlement date: | June 13, 2022
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.45%
|
| Cusip: | 40057MDB2
|
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