Published on 4/24/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $451,000 index-linked notes on S&P, Russell, Dow
By Kiku Steinfeld
Chicago, April 24 – GS Finance Corp. priced $451,000 of 0% index-linked notes due July 31, 2025 linked to the performance of S&P 500 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final level of the lesser performing index is greater than or equal to 65% of its initial level, the payout at maturity will be par plus 15%.
Otherwise, investors will be fully exposed to the losses of the lesser performer 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: | S&P 500 index, Russell 2000 index, Dow Jones industrial average
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Amount: | $451,000
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Maturity: | July 31, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final level of the lesser performing index is greater than or equal to 65% of its initial level, par plus 15%; otherwise, investors will be fully exposed to the loss of lesser performer
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Initial levels: | 1,954.896 for Russell, 4,537.41 for S&P, 35,282.72 for Dow
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Barrier levels: | 65% of initial levels
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Pricing date: | July 27, 2023
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Settlement date: | Aug. 1, 2023
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 2.5%
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Cusip: | 40057TME1
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