Published on 12/5/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $4.68 million digital index-linked notes on Stoxx
By William Gullotti
Buffalo, N.Y., Dec. 5 – GS Finance Corp. priced $4.68 million of 0% digital index-linked notes due Dec. 4, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above initial level, the payout at maturity will be par plus 26.55%.
Investors will be fully exposed to any index decline.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Digital index-linked notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $4,675,000
|
| Maturity: | Dec. 4, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes flat or gains, par plus 26.55%; otherwise, full exposure to loss
|
| Initial index level: | 3,617.54
|
| Pricing date: | Oct. 31
|
| Settlement date: | Nov. 7
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.92%
|
| Cusip: | 40057NRL3
|
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