New Issue: GS Finance prices $461,000 leveraged buffered index-linked notes linked to S&P

By Kiku Steinfeld

Chicago, Feb. 23 – GS Finance Corp. priced $461,000 of 0% leveraged buffered index-linked notes due June 26, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains the payout at maturity will be par plus 125% of the return of the index subject to a maximum return of par plus 23%. The payout will be par if the index declines but by no more than the 10% buffer. Investors will lose 1% for every 1% that the index declines beyond the buffer.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered index-linked notes
Underlying index:	S&P 500 index
Amount:	$461,000
Maturity:	June 26, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains par plus 125% of index return subject to a maximum return of par plus 23%; par if index declines but by no more than 10% buffer; otherwise par minus of index decline beyond buffer
Initial level:	4,348.33
Upside leverage:	125%
Cap:	23%
Buffer:	10%
Pricing date:	June 23, 2023
Settlement date:	June 28, 2023
Agent:	Goldman Sachs & Co. LLC
Fees:	2%
Cusip:	40057T6H2

© 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.