Published on 5/19/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $279,000 buffered index-linked notes on S&P 500 Value
Chicago, May 19 – GS Finance Corp. priced $279,000 of 0% buffered index-linked notes due Oct. 29, 2026 based on the performance of the S&P 500 Value 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 $1,500 per $1,000 principal amount of notes.
If the index falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 15%.
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 Value
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Amount: | $279,000
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Maturity: | Oct. 29, 2026
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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 $1,500 per $1,000 principal amount of notes; if index falls by up to buffer, par; otherwise, 1% loss for every 1% decline beyond buffer
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Initial index level: | 1,515.70
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Buffer level: | 85% of initial level
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Pricing date: | Oct. 26, 2021
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Settlement date: | Oct. 29, 2021
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0%
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Cusip: | 40057JNX0
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