Published on 9/21/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $18.25 million market-linked notes tied to weighted index basket
By Wendy Van Sickle
Columbus, Ohio, Sept. 21 – GS Finance Corp. priced $18.25 million of 0% market-linked notes due Feb. 19, 2027 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 33.33% weight, the Topix index with a 33.33% weight and the S&P 500 index with a 33.33% weight.
The payout at maturity will be par plus 1.05 times any basket gain.
If the basket falls, the payout will be par.
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: | Market-linked notes
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Underlying indexes: | Euro Stoxx 50 index, S&P 500 index, Topix index, each with a 33.33% weight
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Amount: | $18,252,000
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Maturity: | Feb. 19, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any basket gain; otherwise, par
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Initial levels: | 4,295.05 for Stoxx, 4,450.32 for S&P, 2,428.38 for Topix
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Pricing date: | Sept. 15
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Settlement date: | Sept. 20
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3%
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Cusip: | 40057TZ23
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