Published on 5/31/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $646,000 leveraged notes on Dow Jones industrial average
By Kiku Steinfeld
Chicago, May 31 – GS Finance Corp. priced $646,000 of 0% leveraged notes due Jan. 27, 2028 linked 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, the payout at maturity will be par plus 127.7% of the return.
If the index falls by up to 30%, the payout will be par. If the index falls by more than 30%, investors lose 1% for every 1% decline from the initial level.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Leveraged notes
|
Underlying index: | Dow Jones industrial average
|
Amount: | $646,000
|
Maturity: | Jan. 27, 2028
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is positive, par plus 127.7% of the gain; if index declines by up to 30%, par; if index falls by more than 30%, full exposure to decline
|
Initial level: | 33,629.56
|
Trigger level: | 70% of initial level
|
Pricing date: | Jan. 23, 2023
|
Settlement date: | Jan. 26, 2023
|
Agent: | Goldman, Sachs & Co. LLC
|
Fees: | 0.57%
|
Cusip: | 40057PG22
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.