Published on 1/13/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1.25 million equity-linked notes tied to Amazon
By William Gullotti
Buffalo, N.Y., Jan. 13 – GS Finance Corp. priced $1.25 million of 0% equity-linked notes due Dec. 27, 2027 linked to the stock performance of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the stock finishes at or above its initial value, the payout at maturity will be par plus 75%.
If the stock finishes below its initial value but not lower than 85% of its initial value, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline of the stock beyond 15%.
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: | Equity-linked notes
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Underlying stock: | Amazon.com, Inc.
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Amount: | $1,249,000
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Maturity: | Dec. 27, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If stock finishes at or above initial value, par plus 75%; if stock declines but finishes at or above 85% of initial value, par; otherwise, lose 1% for every 1% decline beyond 15%
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Initial price: | $83.79
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Buffer level: | 85% of initial level
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Pricing date: | Dec. 22
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Settlement date: | Dec. 28
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 4.1%
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Cusip: | 40057P2G6
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