Published on 1/17/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $10.84 million index-linked notes tied to S&P, Dow
By Wendy Van Sickle
Columbus, Ohio, Jan. 17 – GS Finance Corp. priced $10.84 million of 0% index-linked notes due July 16, 2025 linked to the performance of the Dow Jones industrial average and 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 each index is zero or positive, the payout at maturity will be par plus the return of the least performing index, capped at par plus 15.75%.
Otherwise, investors will receive par.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying indexes: | Dow Jones industrial average, S&P 500 index
|
| Amount: | $10,841,000
|
| Maturity: | July 16, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the return of each index is zero or positive, par plus the return of the least performing index, capped at par plus 15.75%; otherwise, par
|
| Initial levels: | 37,711.02 for Dow, 4,780.24 for S&P
|
| Pricing date: | Jan. 11
|
| Settlement date: | Jan. 17
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.15%
|
| Cusip: | 40057XHT5
|
|
|
© 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.
