Published on 3/11/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $3.29 million index-linked notes on Nasdaq, S&P, Dow
By William Gullotti
Buffalo, N.Y., March 11 – GS Finance Corp. priced $3.29 million of 0% index-linked notes due March 12, 2024 linked to the least performing of the Nasdaq-100 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each index is zero or positive, the payout at maturity will be par plus 167% of the least performing index’s return.
Otherwise, investors will be fully exposed to the losses of the worst performing index.
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: | Index-linked notes
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Underlying indexes: | Nasdaq-100 index, S&P 500 index, Dow Jones industrial average
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Amount: | $3,287,000
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Maturity: | March 12, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of each index is zero or positive, par plus 167% of the least performing index’s return; otherwise, investors will be fully exposed to any decline of the worst performing index
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Initial levels: | 13,319.38 for Nasdaq, 4,201.09 for S&P, 32,817.38 for Dow
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Pricing date: | March 7
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Settlement date: | March 10
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.8%
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Cusip: | 40057LDV0
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