Published on 8/14/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.12 million index-linked notes on Russell, S&P, Dow
By William Gullotti
Buffalo, N.Y., Aug. 14 – GS Finance Corp. priced $1.12 million of 0% index-linked notes due Feb. 13, 2025 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each index is zero or positive, the payout at maturity will be par plus 1.58 times the return of the worst performing index.
Investors will be fully exposed to the decline of the worst performing index from its initial level.
Goldman Sachs & Co. LLC is the agent.
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 indexes: | Russell 2000 index, S&P 500 index, Dow Jones industrial average
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Amount: | $1,121,000
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Maturity: | Feb. 13, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of each index is zero or positive, par plus 1.58 times the return of the worst performing index; if any index declines, investors will be fully exposed to the decline of the worst performer
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Initial levels: | 1,947.418 for Russell, 4,499.38 for S&P, 35,314.49 for Dow
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Pricing date: | Aug. 8
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Settlement date: | Aug. 11
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.6%
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Cusip: | 40057TNU4
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