Published on 10/11/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $2.31 million leveraged capped market-linked notes tied to Dow
By William Gullotti
Buffalo, N.Y., Oct. 11 – GS Finance Corp. priced $2.31 million of 0% market-linked notes – leveraged upside participation to a cap and principal return at maturity due Oct. 3, 2029 linked to the Dow Jones industrial average, according to a 424B2 filing with the Notes and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 1.5 times the return, subject to a maximum payout of par plus 58%.
Otherwise, investors will receive par
The notes are guaranteed by Goldman Sachs Group, Inc.
Wells Fargo Notes LLC and Goldman Sachs & Co. LLC are the agents.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Market-linked notes – leveraged upside participation to a cap and principal return at maturity
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Underlying index: | Dow Jones industrial average
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Amount: | $2,312,000
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Maturity: | Oct. 3, 2029
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes at or above initial level, par plus 1.5 times the return, capped at 58%; otherwise, par
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Initial levels: | 33,666.34
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Pricing date: | Sept. 28
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Settlement date: | Oct. 3
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Agent: | Wells Fargo Notes LLC and Goldman Sachs & Co. LLC
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Fees: | 4.87%
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Cusip: | 40057TZZ0
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