Published on 5/24/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $172,000 market-linked securities on Stoxx index
Chicago, May 24 – GS Finance Corp. priced $172,000 of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due July 7, 2025 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus 200% of the index return, capped at par plus 50%.
If the index declines by up to 15%, the payout will be par.
If the index declines by more than 15%, investors will be exposed to the decline of the index beyond 15%.
Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC are the agents.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
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Underlying index: | Euro Stoxx 50 index
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Amount: | $172,000
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Maturity: | July 7, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus 200% of the index return, capped at par plus 50%; if the index declines by up to 15%, par; if the index declines by more than 15%, investors will be exposed to the decline of the index beyond 15%
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Initial index level: | 3,514.32
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Buffer level: | 85% of initial level
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Pricing date: | June 29, 2022
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Settlement date: | July 5, 2022
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Underwriters: | Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC
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Fees: | 3.41%
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Cusip: | 40057M6X2
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