Published on 5/31/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $33.02 million notes linked to Bloomberg Commodity
By Wendy Van Sickle
Columbus, Ohio, May 31 – GS Finance Corp. priced $33.02 million of 0% notes due June 23, 2023 linked to the Bloomberg Commodity 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. Investors will be fully exposed to any index decline.
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: | Notes
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Underlying index: | Bloomberg Commodity index
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Amount: | $33,023,000
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Maturity: | June 23, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; full exposure to losses
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Initial level: | 131.29
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Pricing date: | May 23
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Settlement date: | May 31
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Agent: | Goldman Sachs & Co. LLC
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Fees: | None
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Cusip: | 40057M5T2
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