By Angela McDaniels
Tacoma, Wash., Dec. 4 – GS Finance Corp. priced $379,000 of 0% buffered index-linked notes due May 3, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive or zero, the payout at maturity will be $1,112.50 per $1,000 principal amount of notes.
If the index return is negative but not below negative 20%, the payout will be par plus 0.5 times the absolute value of the index return.
If the index return is below negative 20%, investors will lose 1% for every 1% that the index declines beyond 20%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Buffered index-linked notes
|
Underlying index: | Russell 2000 index
|
Amount: | $379,000
|
Maturity: | May 3, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is positive or zero, par plus 11.25%; if index return is negative but not below negative 20%, par plus 0.5 times absolute value of index return; otherwise, 1% loss for every 1% that index declines beyond 20%
|
Initial level: | 1,768.383
|
Buffer level: | 80% of initial level
|
Pricing date: | March 30, 2023
|
Settlement date: | April 4, 2023
|
Underwriter: | Goldman Sachs & Co. LLC
|
Fees: | 0.43%
|
Cusip: | 40057R5Y0
|
|
© 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.