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Published on 4/4/2022 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $715,000 index-linked notes on three Russell, S&P, Nasdaq

By William Gullotti

Buffalo, N.Y., April 4 – GS Finance Corp. priced $715,000 of 0% index-linked notes due May 8, 2026 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Nasdaq-100 index, 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 1.72 times the return of the least performing index.

If the least performing index falls by up to 25%, the payout will be par.

Otherwise, investors will be fully exposed to any losses of the worst performing index.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Index-linked notes
Underlying indexes:Russell 2000 index, S&P 500 index, Nasdaq-100 index
Amount:$715,000
Maturity:May 8, 2026
Coupon:0%
Price:Par
Payout at maturity:If the return of each index is zero or positive, par plus 1.72 times the return of least performing index; if any index falls but the final underlier level of each is greater than or equal to the trigger buffer level, par; if any index falls by more than trigger buffer level, investors will be fully exposed to the decline of the worst performing index
Initial levels:2,241.366 for Russell, 4,167.59 for S&P, 13,503.37 for Nasdaq
Trigger buffer levels:75% of initial levels
Pricing date:May 5, 2021
Settlement date:May 10, 2021
Agent:Goldman Sachs & Co. LLC
Fees:1%
Cusip:40057HA67

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