E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 11/17/2023 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $3.41 million notes linked to S&P 500 index

By Angela McDaniels

Tacoma, Wash., Nov. 17 – GS Finance Corp. priced $3.41 million of 0% index-linked notes due Oct. 29, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus the index return, subject to a maximum settlement amount of $1,333 per $1,000 principal amount of notes. If the index return is zero or negative, the payout will be par.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter. Citigroup Global Markets Inc. is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Index-linked notes
Underlying index:S&P 500 index
Amount:$3,405,000
Maturity:Oct. 29, 2026
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus index return, subject to maximum settlement amount of $1,333 per $1,000 principal amount of notes; if index return is zero or negative, par
Initial level:4,137.23
Pricing date:Oct. 26
Settlement date:Oct. 31
Underwriter:Goldman Sachs & Co. LLC
Agent:Citigroup Global Markets Inc.
Fees:1.75%
Cusip:40057WHG5

© 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.