Published on 6/15/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $6.67 million index-linked notes tied to S&P 500
Chicago, June 15 – GS Finance Corp. priced $6.67 million of 0% index-linked notes due July 5, 2024 linked to the performance of 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.
The payout at maturity will be par plus the return of the index, capped at par plus 7.5% if the index return is positive from its initial level. The initial level is based on an intraday trading level on the trade date.
Otherwise, investors will receive par.
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: | Index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $6,669,000
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Maturity: | July 5, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus return, capped at par plus 7.5% if index return is positive; otherwise, par
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Initial level: | 4,179.83
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Pricing date: | May 31
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Settlement date: | June 5
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.27%
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Cusip: | 40057RYW2
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