Published on 2/8/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $895,000 index-linked trigger notes on Nasdaq
Chicago, Feb. 8 – GS Finance Corp. priced $895,000 of 0% index-linked trigger notes due June 5, 2024 tied to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final index level is equal to or greater than 80% of the initial level, the payout at maturity will be par plus 11.8%.
Otherwise, investors will be fully exposed to the losses of the index.
Goldman Sachs & Co. LLC is the underwriter. JPMorgan is working as the placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked trigger notes
|
| Underlying index: | Nasdaq-100 index
|
| Amount: | $895,000
|
| Maturity: | June 5, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final level of the index is equal to or greater than the trigger buffer level, par plus 11.8%; otherwise, full exposure to losses of index
|
| Initial index level: | 13,803.49
|
| Trigger buffer level: | 80% of initial level
|
| Pricing date: | May 19, 2023
|
| Settlement date: | May 24, 2023
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Placement agent: | JPMorgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 40057RWR5
|
|
|
© 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.
