Published on 10/10/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $550,000 equity-linked trigger notes on Tesla
Chicago, Oct. 10 – GS Finance Corp. priced $550,000 of 0% equity-linked trigger notes due Oct. 7, 2024 based on the common stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the final stock price is equal to or greater than 60% of the initial level, the payout at maturity will be par plus 51.3%.
If the final level of the stock is less than the 60% trigger level, the payout will be par plus the return with full exposure to any losses.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter. JPMorgan Securities LLC is the placement agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Equity-linked trigger notes
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Underlying stock: | Tesla, Inc.
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Amount: | $550,000
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Maturity: | Oct. 7, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final stock price is equal to or greater than trigger level, par plus 51.3%, otherwise, par plus the return with full exposure to any losses
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Initial level: | $287.81
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Trigger level: | 60% of initial level
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Pricing date: | Sept. 29, 2022
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Settlement date: | Oct. 6, 2022
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Underwriter: | Goldman Sachs & Co. LLC
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Placement agent: | JPMorgan Securities LLC
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Fees: | 1.5%
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Cusip: | 40057NGL5
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