Published on 11/17/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $80,000 buffered basket-linked notes on indexes
Chicago, Nov. 17 – GS Finance Corp. priced $80,000 of 0% buffered notes due Sept. 8, 2023 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The equally-weighted basket consists of the S&P 500 Value index and the S&P MidCap 400 Value index.
The payout at maturity will be par plus the basket gain, capped at par plus 13%.
Investors will receive par if the basket finishes flat or falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
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: | Buffered basket-linked notes
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| Underlying indexes: | S&P 500 Value index and S&P MidCap 400 Value index; equal weights
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| Amount: | $80,000
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| Maturity: | Sept. 8, 2023
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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 the basket gain, capped at par plus 13%; if basket finishes flat or declines by up to 15%, par; otherwise, 1% loss for every 1% decline beyond 15%
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| Initial levels: | 1,502.90 for 500, 863.66 for 400
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| Buffer level: | 85% of initial level
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| Pricing date: | March 4
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| Settlement date: | March 9
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.35%
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| Cusip: | 40057LG39
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