Published on 1/5/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $4.03 million market-linked notes linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Jan. 5 – GS Finance Corp. priced $4.03 million of 0% market-linked notes due Dec. 5, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the index return, subject to a maximum return of par plus 83.5%. Otherwise, investors will receive par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter with Morgan Stanley Wealth Management as dealer.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Market-linked notes
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Underlying index: | S&P 500 index
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Amount: | $4,027,950
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Maturity: | Dec. 5, 2028
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus index return, subject to a maximum return of par plus 83.5%; minimum payout of par
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Initial level: | 3,958.79
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Pricing date: | Nov. 16
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Settlement date: | Nov. 21
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Underwriter: | Goldman Sachs & Co. LLC with Morgan Stanley Wealth Management as dealer
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Fees: | 3.5%
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Cusip: | 36264U298
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