Published on 10/16/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $297,000 buffered digital notes on S&P 500
Chicago, Oct. 16 – GS Finance Corp. priced $297,000 of 0% buffered digital index-linked notes due Oct. 17, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final level of the index is greater than or equal to its initial level, the payout at maturity will be par plus 10%.
If the index declines but not more than 40%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1% for every 1% that the index declines beyond 40%.
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: | $297,000
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| Maturity: | Oct. 17, 2024
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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 initial level, par plus 10%; if index declines but not more than buffer level, par plus absolute value of index return; otherwise, 1% loss for every 1% decline beyond 40%
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| Initial index level: | 3,588.84
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| Buffer value: | 60% of initial level
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| Pricing date: | Oct. 11, 2022
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| Settlement date: | Oct. 14, 2022
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.8%
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| Cusip: | 40057NHN0
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