Published on 5/1/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $328,000 index-linked notes on Dow, S&P, Nasdaq
Chicago, May 1 – GS Finance Corp. priced $328,000 of 0% index-linked notes due March 6, 2028 linked to the least performing of the Dow Jones industrial average, 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 1.5425 times the return of the least performing index.
If the least performing index falls by up to 30%, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worst performing index from its initial level.
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: | Dow Jones industrial average, S&P 500 index, Nasdaq-100 index
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Amount: | $328,000
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Maturity: | June 8, 2026
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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 1.5425 times the return of the least performing index; if any index falls but the final underlier level of each is greater than or equal to the 70% trigger buffer level, par; if any index falls by more than 30%, investors will be fully exposed to the decline of the worst performing index from its initial level
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Initial levels: | 32,899.70 for Dow, 4,108.54 for S&P, 12,548.03 for Nasdaq
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Trigger buffer levels: | 70% of initial levels
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Pricing date: | June 3, 2022
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Settlement date: | June 8, 2022
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.25%
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Cusip: | 40057M5Z8
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