Published on 11/10/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $3.45 million leveraged basket-linked notes
By William Gullotti
Buffalo, N.Y., Nov. 10 – GS Finance Corp. priced $3.45 million of 0% leveraged notes due Oct. 30, 2024 linked to a weighted index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 70% weight, the Euro Stoxx 50 index with a 10.8% weight, the Topix index with a 7.8% weight, the FTSE 100 index with a 5.1% weight, the Swiss Market index with a 3.6% weight and the S&P/ASX 200 index with a 2.7% weight.
The payout at maturity will be par plus 1.2884 times the basket gain.
Investors will be fully exposed to any basket decline.
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 index-linked notes
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Underlying indexes: | S&P 500 index (70% weight), Euro Stoxx 50 index (10.8%), Topix index (7.8%), FTSE 100 index (5.1%), Swiss Market index (3.6%), S&P/ASX 200 index (2.7%)
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Amount: | $3.45 million
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Maturity: | Oct. 30, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus 1.2884 times basket gain; otherwise, 1% loss for every 1% of basket decline from initial level
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Initial levels: | 3,830.6 for S&P, 3,605.31 for Stoxx, 1,918.21 for Topix, 7,056.07 for FTSE, 10,817.21 for Swiss, 6,810.869 for S&P/ASX
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Pricing date: | Oct. 26
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Settlement date: | Nov. 2
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.5%
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Cusip: | 40057NR33
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