Published on 8/19/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $4.76 million index-linked notes on S&P 500
By Kiku Steinfeld
Chicago, Aug. 21 – GS Finance Corp. priced $4.76 million of 0% notes due Aug. 29, 2024 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 12.4%. Otherwise, investors will receive par.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $4,756,000
|
| Maturity: | Aug. 29, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any gain, capped at 12.4%; otherwise, otherwise, par
|
| Initial index level: | 3,970.04
|
| Pricing date: | Feb. 24, 2023
|
| Settlement date: | March 1, 2023
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.47%
|
| Cusip: | 40057PQ96
|
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