Published on 5/5/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $177,000 leveraged buffered index-linked notes on Russell
Chicago, May 5 – GS Finance Corp. priced $177,000 of 0% leveraged buffered index-linked notes due Oct. 30, 2025 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, investors will receive par plus two times the index gain, capped at par plus 31%.
If the index return is flat or falls by up to 10%, investors will receive par. Investors will lose 1% for every 1% decline beyond 10%.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered index-linked notes
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Underlying index: | Russell 2000 index
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Amount: | $177,000
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Maturity: | Oct. 30, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus two times index gain if return is positive, capped at par plus 31%; par if index declines but finishes above buffer level; otherwise, 1% loss for each 1% decline beyond the 10% buffer
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Initial index level: | 1,745.952
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Buffer level: | 90% of initial level
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Pricing date: | April 25
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Settlement date: | April 28
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 2.75%
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Cusip: | 40057RE38
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