Published on 6/9/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $900,000 notes linked to S&P 500 index
By Angela McDaniels
Tacoma, Wash., June 9 – GS Finance Corp. priced $900,000 of 0% index-linked notes due July 17, 2023 linked to the S&P 500 index, 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 the index return, subject to a maximum return of 5%. If the index return is zero or negative, the payout will be 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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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $900,000
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Maturity: | July 17, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus index return, subject to maximum return of 5%; if index return is zero or negative, par
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Initial level: | 3,818.8
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Pricing date: | July 12, 2022
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Settlement date: | July 15, 2022
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.25%
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Cusip: | 40057MNH8
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