Published on 5/1/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.68 million leveraged index-linked notes tied to Dow
By William Gullotti
Buffalo, N.Y., May 1 – GS Finance Corp. priced $1.68 million of 0% leveraged index-linked notes due Oct. 26, 2027 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 125% of the index return, capped at par plus 49%.
Otherwise, investors will receive par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Issue: | Leveraged index-linked notes
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Underlying index: | Dow Jones industrial average
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Amount: | $1,684,000
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Maturity: | Oct. 26, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus 125% of the index return, capped at par plus 49%; otherwise, par
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Initial index level: | 33,808.96
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Pricing date: | April 21
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Settlement date: | April 26
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | None
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Cusip: | 40057RDR6
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