Published on 10/27/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $4.91 million PLUS linked to S&P 500
By Kiku Steinfeld
Chicago, Oct. 27 – GS Finance Corp. priced $4.91 million of 0% PLUS due July 3, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum return of par plus 19%.
Investors will be fully exposed to any index decline.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management will act as placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | PLUS
|
| Underlying index: | S&P 500 index
|
| Amount: | $4,906,200
|
| Maturity: | July 3, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is positive, par plus 300% of index return, subject to a maximum return of par plus 19%; otherwise, 1% loss for every 1% that index declines
|
| Initial level: | 4,109.31
|
| Upside leverage: | 300%
|
| Cap: | 19%
|
| Pricing date: | March 31, 2023
|
| Settlement date: | April 5, 2023
|
| Agent: | Goldman Sachs & Co. LLC
|
| Distributor: | Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 36265J235
|
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