Published on 4/17/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $500,000 leveraged index-linked notes on S&P 500 Value
Chicago, April 17 – GS Finance Corp. priced $500,000 of 0% leveraged index-linked notes due May 25, 2028 tied to the S&P 500 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.265 times the index return.
If the index is flat or declines by up to 25%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the index from its initial level.
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.
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| Issue: | Leveraged index-linked notes
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| Underlying index: | S&P 500 Value index
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| Amount: | $500,000
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| Maturity: | May 25, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is positive, par plus 1.265 times the index return; if the index is flat or declines by up to 25%, par; otherwise, investors will be fully exposed to the decline of the index from its initial level
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| Initial index level: | 1,410.42
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| Trigger buffer level: | 75% of initial level
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| Pricing date: | May 20, 2022
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| Settlement date: | May 25, 2022
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 3.25%
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| Cusip: | 40057M3X5
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