Published on 9/22/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $635,000 leveraged buffered index-linked notes linked to S&P
Chicago, Sept. 22 – GS Finance Corp. priced $635,000 of 0% leveraged buffered index-linked notes due Oct. 19, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 200% of the return of the index subject to a maximum return of par plus 13.15%. The payout will be par if the index declines but by no more than the 15% buffer. Investors will lose 1% for every 1% that the index declines beyond the buffer.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $635,000
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| Maturity: | Oct. 19, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If index gains par plus 200% of index return subject to a maximum return of par plus 13.15%; par if index declines but by no more than 15% buffer; otherwise, par minus index decline beyond buffer
|
| Initial level: | 3,873.33
|
| Buffer level: | 85% of initial level
|
| Upside leverage: | 200%
|
| Buffer: | 15%
|
| Downside leverage: | 100%
|
| Pricing date: | Sept. 16, 2022
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| Settlement date: | Sept. 21, 2022
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.25%
|
| Cusip: | 40057N7K7
|
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