Published on 1/6/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $500,000 index-linked notes on S&P 500
By Kiku Steinfeld
Chicago, Jan. 8 – GS Finance Corp. priced $500,000 of 0% index-linked notes due April 30, 2025 linked to 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 return of the index is positive, the payout at maturity will be par plus the index return, subject to a maximum payout of par plus 15.5%.
Otherwise, investors will receive par.
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: | 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 30, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus gain, capped at 15.5%; otherwise, par
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Initial level: | 4,071.63
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Pricing date: | April 25, 2023
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Settlement date: | April 27, 2023
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.75%
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Cusip: | 40057RLZ9
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