Published on 12/4/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $632,000 index-linked notes on S&P, Russell, Dow
Chicago, Dec. 4 – GS Finance Corp. priced $632,000 of 0% index-linked notes due Oct. 29, 2027 linked to the performance of S&P 500 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of the lesser performing index is zero or positive, the payout at maturity will be par plus 139% of that index’s return.
Investors will receive par if the lesser performing index declines but not more than 40%.
Otherwise, investors will be fully exposed to the losses of the lesser performer from its initial level.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Index-linked notes
|
Underlying indexes: | S&P 500 index, Russell 2000 index, Dow Jones industrial average
|
Amount: | $632,000
|
Maturity: | Oct. 29, 2027
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If return of lesser performing index is zero or positive, par plus 139% of its gain; par if lesser performing index declines but not beyond 40%; otherwise, investors will be fully exposed to the loss of lesser performer
|
Initial levels: | 1,804.331 for Russell, 3,830.60 for S&P, 31,839.11 for Dow
|
Barrier levels: | 60% of initial levels
|
Pricing date: | Oct. 26, 2022
|
Settlement date: | Oct. 31, 2022
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 4.12%
|
Cusip: | 40057NEK9
|
|
© 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.