Published on 8/10/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $14.88 million index-linked notes on S&P 500
Chicago, Aug. 10 – GS Finance Corp. priced $14.88 million of 0% notes due July 31, 2025 linked to 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.
The payout at maturity will be par plus any index gain, capped at par plus 14.87% if the index finishes above 102% of its initial level. Otherwise, investors will receive par plus 2%.
Goldman Sachs & Co. LLC is the agent. JPMorgan is the placement agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $14,884,000
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Maturity: | July 31, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any gain if index finishes above 102% of initial level, capped at 14.87%; otherwise, 102
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Initial index level: | 4,566.75
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Pricing date: | July 26
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Settlement date: | July 31
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Agent: | Goldman Sachs & Co. LLC
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Placement agent: | JPMorgan
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Fees: | 1.5%
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Cusip: | 40057TGW8
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