Published on 2/5/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $822,000 index-linked notes on S&P 500
Chicago, Feb. 5 – GS Finance Corp. priced $822,000 of 0% index-linked notes due May 17, 2028 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.
Investors will receive par plus the index return if it ends positive, capped at par plus 62.25%.
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 index: | S&P 500 index
|
| Amount: | $822,000
|
| Maturity: | May 17, 2028
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus index return capped at par plus 62.25%, if index finishes positive; otherwise, par
|
| Initial index level: | 4,124.08
|
| Pricing date: | May 12, 2023
|
| Settlement date: | May 17, 2023
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2%
|
| Cusip: | 40057RT24
|
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