Published on 2/19/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $550,000 basket-linked notes on stock basket
By Kiku Steinfeld
Chicago, Feb. 21– GS Finance Corp. priced $550,000 of 0% basket-linked notes due Nov. 19, 2025 linked to an equally weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of Airbnb, Inc., CrowdStrike Holdings, Inc., Nvidia Corp., Snowflake Inc. and Tesla, Inc.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the basket return is positive, the payout at maturity will be par plus the basket return, subject to a maximum payout of par plus 46.5%.
Otherwise, investors will receive par.
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: | Basket-linked notes
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| Underlying stocks: | Airbnb, Inc., CrowdStrike Holdings, Inc., Nvidia Corp., Snowflake Inc. and Tesla, Inc.; equal weights
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| Amount: | $550,000
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| Maturity: | Nov. 19, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the basket finishes positive, par plus the basket return capped at 46.5%; otherwise, investors will receive par
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| Initial levels: | $105.16 for Airbnb, $142.01 for CrowdStrike, $162.95 for Nvidia, $157.84 for Snowflake, $190.95 for Tesla
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| Pricing date: | Nov. 14, 2022
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| Settlement date: | Nov. 17, 2022
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.5%
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| Cusip: | 40057NWH6
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