Published on 2/8/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $734,000 buffered index-linked notes on S&P 500
Chicago, Feb. 8 – GS Finance Corp. priced $734,000 of 0% buffered index-linked notes due May 24, 2028 based on the performance of 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.
The payout at maturity will be par plus 114.5% of any index gain.
If the index falls by up to 20%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline beyond 20%.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Buffered index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $734,000
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Maturity: | May 24, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 114.5% of any index gain; if index falls by up to 20%, par; otherwise, 1% loss for every 1% decline beyond 20%
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Initial index level: | 4,191.98
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Buffer level: | 80% of initial level
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Pricing date: | May 19, 2023
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Settlement date: | May 24, 2023
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.98%
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Cusip: | 40057RTN8
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