Published on 12/12/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $323,000 leveraged notes linked to Dow
By Kiku Steinfeld
Chicago, Dec. 12 – GS Finance Corp. priced $323,000 of 0% leveraged notes due Oct. 26, 2028 linked to 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 index return is positive, the payout at maturity will be par plus 1.25 times the index return, capped at 52%. Otherwise, investors will receive par.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged index-linked notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $323,000
|
| Maturity: | Oct. 26, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 1.25 times index return, capped at 52%; otherwise, par
|
| Initial index level: | 33,808.96
|
| Pricing date: | April 21, 2023
|
| Settlement date: | April 26, 2023
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 3%
|
| Cusip: | 40057RDQ8
|
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