Published on 8/17/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $2.63 million index-linked notes tied to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Aug. 17 – GS Finance Corp. priced $2.63 million of 0% index-linked notes due Aug. 5, 2025 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.
If the index finishes above its initial level, the payout at maturity will be par plus the return capped at par plus 18%.
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 index: | S&P 500 index
|
| Amount: | $2,634,000
|
| Maturity: | Aug. 5, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus return capped at par plus 18% if index return is positive; otherwise, par
|
| Initial level: | 4,588.96
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 3
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.5%
|
| Cusip: | 40057TEX8
|
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