Published on 6/14/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $226,000 6.2% notes linked to Russell, S&P
By Angela McDaniels
Tacoma, Wash., June 14 – GS Finance Corp. priced $226,000 of 6.2% fixed coupon index-linked notes due July 28, 2025 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The payout at maturity will be par unless the return of the lesser performing index is less than negative 30%, in which case investors will be exposed to the decline of the lesser performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Fixed coupon index-linked notes
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| Underlying indexes: | Russell 2000 index and S&P 500 index
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| Amount: | $226,000
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| Maturity: | July 28, 2025
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| Coupon: | 6.2% per year, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless return of lesser performing index is less than negative 30%, in which case exposure to decline of lesser performing index
|
| Initial levels: | 1,805.246 for Russell and 3,921.05 for S&P
|
| Barrier levels: | 70% of initial level
|
| Pricing date: | July 26, 2022
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| Settlement date: | July 29, 2022
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 2.75%
|
| Cusip: | 40057MLF4
|
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