Published on 10/12/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $182,000 buffered index-linked notes on Stoxx
By Kiku Steinfeld
Chicago, Oct. 12 – GS Finance Corp. priced $182,000 of 0% buffered index-linked notes due Sept. 29, 2025 based on the performance of the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus 3 times any index gain, capped at 32.5%.
If the index falls by up to 10%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1% for every 1% decline beyond 10%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered index-linked notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $182,000
|
| Maturity: | Sept. 29, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 3 times any index gain, capped at 32.5%; par plus the absolute value of the index return if index declines but finishes above buffer level; otherwise, 1% loss for each 1% decline beyond 10% buffer
|
| Initial index level: | 4,130.62
|
| Buffer level: | 90% of initial level
|
| Pricing date: | March 24, 2023
|
| Settlement date: | March 29, 2023
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.75%
|
| Cusip: | 40057PXS6
|
|
|
© 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.
