Published on 4/27/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1.51 million PLUS linked to Russell 2000
New York, April 27 – GS Finance Corp. priced $1.51 million of 0% PLUS due July 3, 2024 linked to the Russell 2000 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 300% of the index return, subject to a maximum return of par plus 22.1%.
Investors will be fully exposed to any index decline.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management will act as placement agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | PLUS
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Underlying index: | Russell 2000 index
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Amount: | $1,510,610
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Maturity: | July 3, 2024
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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 300% of index return, subject to a maximum return of par plus 22.1%; otherwise, 1% loss for every 1% that index declines
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Initial level: | 1,802.484
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Upside leverage: | 300%
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Cap: | 22.1%
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Pricing date: | March 31
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Settlement date: | April 5
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Agent: | Goldman Sachs & Co. LLC
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Distributor: | Morgan Stanley Wealth Management
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Fees: | 2.25%
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Cusip: | 36265J243
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