Published on 8/24/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices reopens buffered digital notes on S&P 500 for $13,000
Chicago, Aug. 24 – GS Finance Corp. priced an additional $13,000 of 0% buffered digital index-linked notes due Feb. 21, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes constitute a reopening of the $57,803,000 notes previously reported.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final level of the index is greater than or equal to its threshold level, 90% of its initial level, the payout at maturity will be par plus 13.25%.
If the index falls by more than 10% but not by more than 20%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 20%.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Buffered digital index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $13,000
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Maturity: | Feb. 21, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final index level is greater or equal to threshold level, par plus 13.25%; if index falls by more than 10%, but not more than 20%, par; otherwise, 1% loss for every 1% decline beyond 20%
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Initial index level: | 4,489.72
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Threshold level: | 90% of initial level
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Buffer level: | 80% of initial level
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Pricing date: | Aug. 21
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Settlement date: | Aug. 23
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0%
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Total issue size: | $57,816,000 with the $57,803,000 of notes issued Aug. 21
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Cusip: | 40057TVQ4
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