Published on 4/18/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1.09 million index-linked trigger notes on S&P 500
By William Gullotti
Buffalo, N.Y., April 18 – GS Finance Corp. priced $1.09 million of 0% index-linked trigger notes due April 29, 2024 tied to 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 final level of the index is equal to or greater than 75% of the initial level, the payout at maturity will be par plus 9.53%.
Otherwise, investors will be fully exposed to the losses of the index.
Goldman Sachs & Co. LLC is the underwriter. JPMorgan is working as the placement agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked trigger notes
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Underlying index: | S&P 500 index
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Amount: | $1,093,000
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Maturity: | April 29, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final level of the index is equal to or greater than the trigger level, par plus 9.53%; otherwise, full exposure to losses of index
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Initial index level: | 4,108.94
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Trigger level: | 75% of initial level
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Strike date: | April 11
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Pricing date: | April 12
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Settlement date: | April 17
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Underwriter: | Goldman Sachs & Co. LLC
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Placement agent: | JPMorgan Securities LLC
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Fees: | 0.5%
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Cusip: | 40057RH27
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