Published on 4/12/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1.08 million index-linked notes tied to S&P 500
By William Gullotti
Buffalo, N.Y., April 12 – GS Finance Corp. priced $1.08 million of 0% index-linked notes due April 10, 2025 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 positive, the payout at maturity will be par plus the return of the index, subject to a maximum settlement amount of par plus 17%.
Otherwise, investors will receive par.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,075,000
|
| Maturity: | April 10, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is positive, par plus the return, capped at par plus 17%; otherwise, par
|
| Initial level: | 4,105.02
|
| Pricing date: | April 6
|
| Settlement date: | April 11
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.56%
|
| Cusip: | 40057RFH6
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
