Published on 7/31/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $899,000 index-linked notes tied to S&P, Russell
By William Gullotti
Buffalo, N.Y., July 31 – GS Finance Corp. priced $899,000 of 0% index-linked notes due Aug. 29, 2024 linked to the performance of 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, capped at par plus 8%.
Otherwise, investors will receive par.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Index-linked notes
|
Underlying indexes: | Russell 2000 index, S&P 500 index
|
Amount: | $899,000
|
Maturity: | Aug. 29, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the return of each index is zero or positive, par plus the return of the least performing index, capped at par plus 8%; otherwise, par
|
Initial levels: | 1,965.678 for Russell, 4,554.64 for S&P
|
Pricing date: | July 24
|
Settlement date: | July 27
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 1.27%
|
Cusip: | 40057TKG8
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.