Published on 5/12/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $331,000 notes on Dow
Chicago, May 12 – GS Finance Corp. priced $331,000 of 0% notes due June 23, 2028 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, investors will receive par plus the index gain, capped at par plus 50%.
Otherwise, investors will receive par.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $331,000
|
| Maturity: | June 23, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus the index gain, capped at par plus 50%; otherwise, par
|
| Initial index level: | 29,888.78
|
| Pricing date: | June 17, 2022
|
| Settlement date: | June 23, 2022
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.25%
|
| Cusip: | 40057M6Y0
|
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