Published on 6/9/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $9.03 million buffered index-linked notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, June 9 – GS Finance Corp. priced $9.03 million of 0% buffered index-linked notes due May 28, 2027 based on the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus any index gain, up to the maximum settlement amount of $1,287.50 per $1,000 principal amount of notes.
If the index falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 10%.
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 index-linked notes
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Underlying index: | S&P 500
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Amount: | $9,025,000
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Maturity: | May 28, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at $1,287.50 per $1,000 principal amount of notes; if index falls by up to 10%, par; 1% loss for every 1% decline beyond 10%
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Initial index level: | 4,158.24
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Buffer level: | 90% of initial level
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Pricing date: | May 27
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Settlement date: | June 2
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Agent: | Goldman, Sachs & Co. LLC
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Fees: | 0.25%
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Cusip: | 40057M6D6
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