Published on 10/16/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $735,000 digital index-linked notes tied to S&P 500
Chicago, Oct. 16 – GS Finance Corp. priced $735,000 of 0% digital index-linked notes due Oct. 10, 2025 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 index finishes at or above its initial level, the payout at maturity will be the greater of par plus 21.1% or par plus the return.
If the index declines but not more than 20%, investors will receive par.
Otherwise, investors will be fully exposed to the losses of the index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Digital index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $735,000
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| Maturity: | Oct. 10, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above initial level, par plus greater of 21.1% or return of index; par if index declines but not beyond barrier; otherwise, full exposure to losses of index
|
| Initial index level: | 3,639.66
|
| Barrier level: | 80% of initial level
|
| Pricing date: | Oct. 7, 2022
|
| Settlement date: | Oct. 13, 2022
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.5%
|
| Cusip: | 40057NG35
|
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