Published on 12/23/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $5.27 million leveraged buffered index-linked notes on S&P 500
By William Gullotti
Buffalo, N.Y., Dec. 23 – GS Finance Corp. priced $5.27 million of 0% leveraged buffered index-linked notes due June 15, 2023 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, investors will receive par plus double the index gain, capped at par plus 11.9%.
If the index return is flat or falls by up to 15%, investors will receive par. Investors will lose 1% for every 1% decline beyond 15%.
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: | Leveraged buffered index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $5,265,000
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Maturity: | June 15, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus two times the index gain, capped at par plus 11.9%; if index return is flat or falls by up to 15%, par; 1% loss for every 1% decline beyond 15%
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Initial index level: | 4,712.02
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Buffer level: | 85% of initial level
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Pricing date: | Dec. 10
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Settlement date: | Dec. 15
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Agent: | Goldman Sachs & Co. LLC
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Fees: | None
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Cusip: | 40057KFR9
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