Published on 7/12/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1.24 million index-linked notes tied to S&P, Nasdaq, Russell
By William Gullotti
Buffalo, N.Y., July 12 – GS Finance Corp. priced $1.24 million of 0% index-linked notes due June 30, 2028 linked to the performance of the Nasdaq-100 index, the Russell 2000 index and 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 return of each index is zero or positive, the payout at maturity will be par plus the return of the least performing index.
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 indexes: | Russell 2000 index, S&P 500 index, Nasdaq-100 index
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Amount: | $1,237,000
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Maturity: | June 30, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of each index is zero or positive, par plus the return of the least performing index; otherwise, par
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Initial levels: | 1,849.93 for Russell, 4,378.41 for S&P, 14,945.91 for Nasdaq
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Pricing date: | June 27
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Settlement date: | June 30
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.5%
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Cusip: | 40057TD84
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