Published on 8/16/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $500,000 index-linked notes tied to Stoxx
Chicago, Aug. 16 – GS Finance Corp. priced $500,000 of 0% index-linked notes due July 24, 2025 linked to the performance of the Euro Stoxx 50 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 par plus 46.3%.
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: | Euro Stoxx 50 index
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Amount: | $500,000
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Maturity: | July 24, 2025
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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; otherwise, par
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Initial level: | 3,587.44
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Pricing date: | July 19, 2022
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Settlement date: | July 22, 2022
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.5%
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Cusip: | 40057MNG0
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