Published on 9/1/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $907,000 buffered notes linked to Dow Jones industrial average
By Kiku Steinfeld
Chicago, Sept. 1 – GS Finance Corp. priced $907,000 of 0% buffered index-linked notes due March 4, 2026 tied to the Dow Jones industrial average, 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 gain, capped at 52.7%.
If the index finishes flat or falls by up to 30%, investors will receive par. Otherwise, investors will lose 1% for every 1% decline beyond 30%.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Buffered index-linked notes
|
Underlying index: | Dow Jones industrial average
|
Amount: | $907,000
|
Maturity: | March 4, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any index gain, capped at 52.7%; if index finishes flat or falls by up to 30%, par; 1% loss for every 1% decline beyond 30%
|
Initial index level: | 32,889.0
|
Buffer level: | 70% of initial level
|
Pricing date: | Feb. 27, 2023
|
Settlement date: | March 2, 2023
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 0.5%
|
Cusip: | 40057PU34
|
|
© 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.