Published on 5/4/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $3.94 million index-linked notes tied to S&P 500
Chicago, May 4 – GS Finance Corp. priced $3.94 million of 0% index-linked notes due Oct. 29, 2026 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of the index is positive, the payout at maturity will be par plus the return of the index, subject to a maximum settlement amount of par plus 30%.
Otherwise, investors will receive par.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $3,939,000
|
| Maturity: | Oct. 29, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is positive, par plus the return, capped at par plus 30%; otherwise, par
|
| Initial level: | 4,071.63
|
| Pricing date: | April 25
|
| Settlement date: | April 28
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.3%
|
| Cusip: | 40057RDU9
|
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