Published on 7/11/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $6.71 million index-linked notes tied to Dow, S&P
By William Gullotti
Buffalo, N.Y., July 11 – GS Finance Corp. priced $6.71 million of 0% index-linked notes due July 31, 2024 linked to the least performing of the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index finishes at or above its trigger buffer level, 70% of initial level, the payout at maturity will be par plus 9.55%.
Otherwise, investors will lose 1% for each 1% decline of the laggard index from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
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| Underlying indexes: | Dow Jones industrial average, S&P 500 index
|
| Amount: | $6,714,000
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| Maturity: | July 31, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above trigger buffer level, par plus 9.55%; otherwise, lose 1% for each 1% decline of laggard index from initial level
|
| Initial levels: | 33,714.71 for Dow, 4,328.82 for S&P
|
| Trigger buffer levels: | 70% of initial levels
|
| Pricing date: | June 26
|
| Settlement date: | June 29
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.43%
|
| Cusip: | 40057T4V3
|
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