Published on 8/21/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.06 million leveraged buffered basket-linked notes
By Wendy Van Sickle
Columbus, Ohio, Aug. 21 – GS Finance Corp. priced $1.06 million of 0% leveraged buffered notes due Aug. 16, 2028 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 50% weight and the Nasdaq-100 index with a 50% weight.
The payout at maturity will be par plus 1.29 times the basket gain, capped at par plus 80%.
Investors will receive par if the basket finishes flat or falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | Leveraged buffered basket-linked notes
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| Underlying assets: | S&P 500 index, Nasdaq-100 index, each with 50% weight
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| Amount: | $1,062,000
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| Maturity: | Aug. 16, 2028
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If basket return is positive, par plus 1.29 times basket gain, capped at par plus 80%; par if basket finishes flat or declines by up to 20%; otherwise, 1% loss for every 1% decline beyond 20%
|
| Initial levels: | 4,464.05 for S&P, 15,028.07 for Nasdaq
|
| Pricing date: | Aug. 11
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| Settlement date: | Aug. 16
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.65%
|
| Cusip: | 40057TTA2
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