Published on 1/8/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $163,000 notes linked to Goldman Sachs Momentum Builder
By Kiku Steinfeld
Chicago, Jan. 8 – GS Finance Corp. priced $163,000 of 0% index-linked notes due May 2, 2029 linked to the Goldman Sachs Momentum Builder Focus ER index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 5 times the index return. If the index return is zero or negative, the payout will be par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
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 index: | Goldman Sachs Momentum Builder Focus ER
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Amount: | $163,000
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Maturity: | May 2, 2029
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 5 times index return; if index return is zero or negative, par
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Initial level: | 101.23
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Pricing date: | April 25, 2023
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Settlement date: | April 28, 2023
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 4%
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Cusip: | 40057RER5
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