Published on 3/26/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $65,000 digital notes linked to S&P 500 Volatility
By Angela McDaniels
Tacoma, Wash., March 26 – GS Finance Corp. priced $65,000 of 0% digital index-linked notes due Aug. 2, 2024 linked to the S&P 500 Volatility Plus Daily Risk Control index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than or equal to negative 25%, the payout at maturity will be par plus 13%. If the index return is below negative 25%, investors will be exposed to the index’s decline from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Digital index-linked notes
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Underlying index: | S&P 500 Volatility Plus Daily Risk Control index
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Amount: | $65,000
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Maturity: | Aug. 2, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is greater than or equal to negative 25%, par plus 13%; otherwise, exposure to index’s decline from initial level
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Initial level: | 3,418.34
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Pricing date: | June 30, 2023
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Settlement date: | July 6, 2023
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.62%
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Cusip: | 40057T4R2
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