Published on 2/29/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $751,000 1.6908% index-linked notes on Momentum Builder
By Kiku Steinfeld
Chicago, Feb. 29 – GS Finance Corp. priced $751,000 of index-linked notes due July 2, 2029 linked to the Goldman Sachs Momentum Builder Focus ER index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid monthly at an annualized rate of 1.6908%.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 5 times the index return. If the final index level is less than or equal to the initial index level, 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.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Index-linked notes
|
Underlying index: | Goldman Sachs Momentum Builder Focus ER index
|
Amount: | $751,000
|
Maturity: | July 2, 2029
|
Coupon: | 1.6908% per year paid monthly
|
Price: | Par
|
Payout at maturity: | If final index level is greater than initial index level, par plus 5 times index return; if final index level is less than or equal to initial index level, par
|
Initial level: | 103.6
|
Pricing date: | June 27, 2023
|
Settlement date: | June 30, 2023
|
Underwriter: | Goldman Sachs & Co. LLC
|
Fees: | 4%
|
Cusip: | 40057T6S8
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.