Published on 10/3/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $625,000 index-linked trigger notes on S&P 500
Chicago, Oct. 3 – GS Finance Corp. priced $625,000 of 0% index-linked trigger notes due Oct. 18, 2023 tied 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 12.1% if the index closes above its 80% threshold level.
Otherwise, investors will be fully exposed to the losses of the index.
Goldman Sachs & Co. LLC is the underwriter. JPMorgan is working as the placement agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked trigger notes
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Underlying index: | S&P 500 index
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Amount: | $625,000
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Maturity: | Oct. 18, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 12.1% if index closes above threshold level; otherwise, full exposure to losses of index
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Initial index level: | 3,719.04
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Trigger level: | 80% of initial level
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Pricing date: | Sept. 28, 2022
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Settlement date: | Oct. 5, 2022
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Underwriter: | Goldman Sachs & Co. LLC
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Placement agent: | JPMorgan Securities LLC
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Fees: | 1%
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Cusip: | 40057NDH7
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