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Published on 5/18/2023 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $3.32 million basket market-linked notes on weighted index basket

By William Gullotti

Buffalo, N.Y., May 18 – GS Finance Corp. priced $3.32 million of basket market-linked notes due May 20, 2026 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 40% weight, the Nikkei 225 index with a 25% weight, the FTSE 100 index with a 17.5% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with an 7.5% weight.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the basket return is positive, the payout at maturity will be par plus 100.1% of the basket return.

Otherwise, investors will receive par.

Goldman Sachs & Co. LLC is the agent, with UBS Financial Services Inc. acting as selling agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Basket market-linked notes
Underlying indexes:Euro Stoxx 50 index (40% weight), Nikkei 225 index (25% weight), FTSE 100 index (17.5% weight), Swiss Market index (10% weight), S&P/ASX 200 index (7.5% weight)
Amount:$3,319,000
Maturity:May 20, 2026
Coupon:0%
Price:Par
Payout at maturity:If the basket finishes positive, par plus 100.1% of the basket return; otherwise, investors will receive par
Initial levels:4,316.41 for Stoxx, 29,626.34 for Nikkei, 7,777.7 for FTSE, 11,578.25 for Swiss Market, 7,267.125 for S&P/ASX
Pricing date:May 15
Settlement date:May 18
Agent:Goldman Sachs & Co. LLC, with UBS Financial Services Inc. acting as selling agent
Fees:2.5%
Cusip:40057RR42

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