Published on 10/18/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $424,000 index-linked notes on Momentum Builder
By Kiku Steinfeld
Chicago, Oct. 18 – GS Finance Corp. priced $424,000 of 1.75% index-linked notes due April 2, 2029 linked to the performance of the Goldman Sachs Momentum Builder Focus ER index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid monthly.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, that payout at maturity will be par plus 5 times the index return.
Otherwise, the payout will be par.
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: | Index-linked notes
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Underlying index: | Goldman Sachs Momentum Builder Focus ER
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Amount: | $424,000
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Maturity: | April 2, 2029
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Coupon: | 1.75% annual rate, paid monthly
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus 5 times index return; otherwise, par
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Initial level: | 100.69
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Pricing date: | March 28, 2023
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Settlement date: | March 31, 2023
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 4%
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Cusip: | 40057PVT6
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