Published on 5/23/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $57.19 million digital index-linked notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, May 23 – GS Finance Corp. priced $57.19 million of 0% digital index-linked notes due May 12, 2025 linked 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 index finishes at or above its threshold level, 90% of initial level, the payout at maturity will be par plus 20.57%.
Otherwise, investors will lose 1.1111% for every 1% that the index declines below 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: | Digital index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $57,192,000
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Maturity: | May 12, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above threshold level, par plus 20.57%; otherwise, 1.1111% loss for every 1% of index decline beyond 10%
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Initial index level: | 4,119.17
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Threshold level: | 90% of initial level
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Pricing date: | May 9
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Settlement date: | May 16
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.1%
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Cusip: | 40057RSG4
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