Published on 6/16/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $179,000 digital index-linked notes on Daily Risk index
Chicago, June 16 – GS Finance Corp. priced $179,000 of 0% digital index-linked notes due July 5, 2024 linked to the S&P 500 Volatility Plus Daily Risk Control index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above its threshold level, 75% of initial level, the payout at maturity will be par plus 13.25%.
Otherwise, investors will lose 1% for every 1% that the index declines from initial level.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Digital index-linked notes
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Underlying index: | S&P 500 Volatility Plus Daily Risk Control index
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Amount: | $179,000
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Maturity: | July 5, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above threshold level, par plus 13.25%; otherwise, 1% loss for every 1% of index decline from initial level
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Initial index level: | 3,064.18
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Threshold level: | 75% of initial level
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Pricing date: | May 31
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Settlement date: | June 5
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.5%
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Cusip: | 40057RS58
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