Published on 4/3/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1.44 million index-linked notes tied to S&P 500
By Wendy Van Sickle
Columbus, Ohio, April 3 – GS Finance Corp. priced $1.44 million of 0% index-linked notes due March 29, 2028 linked to 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.
If the return of the index is zero or positive, the payout at maturity will be par plus the index return, subject to a maximum payout of par plus 50%.
Otherwise, investors will receive par.
Goldman Sachs & Co. LLC is the agent with JPMorgan acting as placement 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: | S&P 500 index
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Amount: | $1,438,000
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Maturity: | March 29, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is zero or positive, par plus index return capped at 50%; otherwise, par
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Initial level: | 3,970.99
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Pricing date: | March 24
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Settlement date: | March 29
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Agent: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
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Fees: | 3.625%
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Cusip: | 40057R3K2
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