Published on 9/15/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $950,000 digital index-linked notes on Euro Stoxx 50
Chicago, Sept. 15 – GS Finance Corp. priced $950,000 of 0% digital index-linked notes due Sept. 4, 2024 linked to the Euro Stoxx 50 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, 80% of initial level, the payout at maturity will be par plus 18.47%.
Otherwise, investors will lose 1.25% for every 1% that the index declines beyond 20% buffer.
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: | Euro Stoxx 50 index
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Amount: | $950,000
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Maturity: | Sept. 4, 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 18.47%; otherwise, 1.25% loss for every 1% of index decline beyond 20% buffer
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Initial index level: | 3,561.92
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Threshold level: | 80% of initial level
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Pricing date: | Aug. 30, 2022
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Settlement date: | Sept. 7, 2022
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.3%
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Cusip: | 40057MUP2
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