Published on 12/12/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $982,000 buffered index-linked notes on S&P 500
Chicago, Dec. 12 – GS Finance Corp. priced $982,000 of 0% buffered index-linked notes due May 8, 2025 based on the performance of 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 any index gain, capped at par plus 17%.
If the index falls by up to 25%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1% for every 1% decline beyond 25%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $982,000
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| Maturity: | May 8, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at par plus 17%; if index falls by up to 25%, par plus absolute value of index return; 1% loss for every 1% decline beyond 25%
|
| Initial index level: | 4,136.25
|
| Buffer level: | 75% of initial level
|
| Pricing date: | May 5, 2023
|
| Settlement date: | May 10, 2023
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.53%
|
| Cusip: | 40057RS82
|
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