Published on 2/6/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $500,000 digital notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Feb. 6 – GS Finance Corp. priced $500,000 of 0% digital index-linked notes due May 15, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than or equal to negative 20%, the payout at maturity will be par plus 10.05%. If the index return is below negative 20%, investors will be exposed to the index’s decline from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter. JPMorgan is the placement agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Digital 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: | May 15, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If index return is greater than or equal to negative 20%, par plus 10.05%; otherwise, exposure to index’s decline from initial level
|
| Initial level: | 4,135.35
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| Strike date: | April 27, 2023
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| Pricing date: | April 28, 2023
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| Settlement date: | May 3, 2023
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| Underwriter: | Goldman Sachs & Co. LLC
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| Placement agent: | JPMorgan
|
| Fees: | 1%
|
| Cusip: | 40057RQZ4
|
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