Published on 12/12/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $524,000 notes on Momentum Builder Focus
By Kiku Steinfeld
Chicago, Dec. 13 – GS Finance Corp. priced $524,000 of 0% index-linked notes due May 29, 2026 linked to the GS Momentum Builder Focus ER 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. If the index finishes flat or falls, the payout will be par.
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: | Index-linked notes
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Underlying index: | GS Momentum Builder Focus ER index
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Amount: | $524,000
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Maturity: | May 29, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; otherwise, par
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Initial index level: | 105.06
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Pricing date: | Nov. 23
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Settlement date: | Nov. 29
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 3.33%
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Cusip: | 40057JW51
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