Published on 2/7/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1.33 million digital index-linked notes on Euro Stoxx 50
By William Gullotti
Buffalo, N.Y., Feb. 7 – GS Finance Corp. priced $1.33 million of 0% digital index-linked notes due Sept. 29, 2028 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above its threshold level, 75% of initial level, the payout at maturity will be the greater of par plus 41.2% and par plus the index return.
Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.
Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Digital index-linked notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $1,331,000
|
| Maturity: | Sept. 29, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above threshold level, the greater of par plus 41.2% and par plus the index return; otherwise, 1% loss for every 1% of index decline from initial level
|
| Initial index level: | 4,129.18
|
| Threshold level: | 75% of initial level
|
| Pricing date: | Sept. 26, 2023
|
| Settlement date: | Sept. 29, 2023
|
| Agents: | Goldman Sachs & Co. LLC and Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 40057W6H5
|
|
|
© 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.
