New Issue: GS Finance sells $500,000 digital index-linked notes on S&P 500

By Kiku Steinfeld

Chicago, Jan. 22 – GS Finance Corp. priced $500,000 of 0% digital index-linked notes due June 20, 2024 linked 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 at least 85% of its initial level, the payout at maturity will be par plus 9.22%. Investors will lose 1.1765% for every 1% that the index may decline beyond 15%.

Goldman Sachs & Co. LLC is the underwriter with JPMorgan acting as placement agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital index-linked notes
Underlying index:	S&P 500
Amount:	$500,000
Maturity:	June 20, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is at least 85% of its initial level, par plus 9.22%; 1.1765% loss for every 1% that index may decline beyond 15%
Initial index level:	4,221.02
Buffer:	15%
Pricing date:	June 2, 2023
Settlement date:	June 7, 2023
Underwriter:	Goldman Sachs & Co. LLC with JPMorgan acting as placement agent
Fees:	0.5%
Cusip:	40057T7M0

© 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.