Published on 8/11/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $3.74 million index-linked notes on S&P 500
Chicago, Aug. 11 – GS Finance Corp. priced $3.74 million of 0% notes due July 30, 2026 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 27.2%.
Otherwise, investors will receive par.
Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $3,735,000
|
| Maturity: | July 30, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any gain, capped at par plus 27.2%; otherwise, par
|
| Initial index level: | 4,566.75
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agent: | Goldman Sachs & Co. LLC and Citigroup Global Markets Inc.
|
| Fees: | 1.25%
|
| Cusip: | 40057TJR6
|
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