Published on 2/10/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $5.85 million digital buffered basket-linked notes on tech stock basket
By William Gullotti
Buffalo, N.Y., Feb. 10 – GS Finance Corp. priced $5.85 million of digital buffered basket-linked notes due Feb. 11, 2025 linked to an equally-weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of Advanced Micro Devices, Inc., Alphabet Inc., Amazon.com, Inc., Meta Platforms, Inc. and Microsoft Corp.
If the basket finishes at or above threshold level, 85% of initial level, the payout at maturity will be par plus 26.39%.
Otherwise, investors will lose 1.1765% for every 1% decline beyond 15%.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | Digital buffered basket-linked notes
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| Underlying basket: | Advanced Micro Devices, Inc., Alphabet Inc., Amazon.com, Inc., Meta Platforms, Inc., Microsoft Corp.; equal weights
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| Amount: | $5.85 million
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| Maturity: | Feb. 11, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the basket finishes at or above threshold level, par plus 26.39%; otherwise, lose 1.1765% for every 1% decline beyond 15%
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| Initial levels: | $85.91 for AMD, $107.64 for Alphabet, $102.11 for Amazon, $191.62 for Meta, $267.56 for Microsoft
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| Threshold level: | 85% of initial level
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| Pricing date: | Feb. 7
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| Settlement date: | Feb. 14
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.3%
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| Cusip: | 40057PHM7
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