Published on 7/26/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $695,000 index-linked notes tied to Nasdaq-100
By William Gullotti
Buffalo, N.Y., July 26 – GS Finance Corp. priced $695,000 of 0% index-linked notes due July 23, 2024 linked to the performance of the Nasdaq-100 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 the index is positive, the payout at maturity will be par plus the return of the index, subject to a maximum settlement amount of par plus 8%.
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: | Nasdaq-100 index
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Amount: | $695,000
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Maturity: | July 23, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus the return, capped at par plus 8%; otherwise, par
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Initial level: | 15,466.09
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Pricing date: | July 20
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Settlement date: | July 25
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.35%
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Cusip: | 40057TL28
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