Published on 5/26/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $708,000 leveraged buffered notes linked to S&P 500
New York, May 26 – GS Finance Corp. priced $708,000 of 0% leveraged buffered index-linked notes due June 4, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus 115% 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.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $708,000
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| Maturity: | June 4, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 115% of index return; par if index declines but by no more than 20% buffer; otherwise par minus 100% of index decline beyond buffer
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| Initial level: | 4,101.23
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| Upside leverage: | 115%
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| Cap: | None
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| Buffer: | 20%
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| Downside leverage: | 100%
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| Pricing date: | June 1, 2022
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| Settlement date: | June 6, 2022
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.63%
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| Cusip: | 40057M6F1
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