Published on 12/20/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $500,000 buffered index-linked notes tied to S&P
By Kiku Steinfeld
Chicago, Dec. 20 – GS Finance Corp. priced $500,000 of 0% buffered index-linked notes due April 29, 2025 based on the performance of 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 above its initial level, the payout at maturity will be par plus the index return, capped at par plus 29.2%.
If the index falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 20%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $500,000
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| Maturity: | April 29, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If index finishes positive, par plus index return, capped at par plus 29.2%; par if index falls but not more than 20%; otherwise, 1% loss for every 1% decline beyond 20%
|
| Initial index level: | 4,137.04
|
| Buffer level: | 80% of initial level
|
| Pricing date: | April 24, 2023
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| Settlement date: | April 27, 2023
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.5%
|
| Cusip: | 40057RJS8
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