Published on 2/9/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $7.97 million market-linked notes linked to Dow
Chicago, Feb. 9 – GS Finance Corp. priced $7.97 million of 0% market-linked notes due May 3, 2029 linked to the Dow Jones industrial average, 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 the index return, subject to a maximum return of par plus 84%. Otherwise, investors will receive par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter with Morgan Stanley Wealth Management as dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Market-linked notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $7,968,500
|
| Maturity: | May 3, 2029
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is positive, par plus index return, subject to a maximum return of par plus 84%; minimum payout of par
|
| Initial level: | 32,977.21
|
| Cap: | 84%
|
| Pricing date: | April 29, 2022
|
| Settlement date: | May 4, 2022
|
| Underwriter: | Goldman Sachs & Co. LLC with Morgan Stanley Wealth Management as dealer
|
| Fees: | 3.5%
|
| Cusip: | 36264H651
|
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