Published on 12/20/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $359,000 buffered index-linked notes on S&P
By Kiku Steinfeld
Chicago, Dec. 20 – GS Finance Corp. priced $359,000 of 0% buffered index-linked notes due April 29, 2026 tied 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 return is positive, investors will receive par plus the index gain, capped at par plus 30.8%.
If the index return is flat or falls by up to 30%, investors will receive par. Investors will lose 1% for every 1% decline beyond 30%.
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: | $359,000
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Maturity: | April 29, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus the index gain, capped at par plus 30.8%; if index return is flat or falls by up to 30%; 1% loss for every 1% decline beyond 30%
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Initial index level: | 4,137.04
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Buffer level: | 70% of initial level
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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: | 3%
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Cusip: | 40057RKE7
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