Published on 2/26/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $212,000 equity-linked notes tied to Nvidia
By Kiku Steinfeld
Chicago, Feb. 26 – GS Finance Corp. priced $212,000 of 0% equity-linked notes due Aug. 1, 2024 linked to the stock performance of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the stock finishes at or above its initial value, the payout at maturity will be par plus 150% of stock return, capped at par plus 29.95%.
If the stock finishes below its initial value but not lower than 80% of its initial value, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline of the stock beyond 20%.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Equity-linked notes
|
Underlying stock: | Nvidia Corp.
|
Amount: | $212,000
|
Maturity: | Aug. 1, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If stock finishes at or above initial value, par plus 150% of stock return, capped at par plus 29.95%; if stock declines but finishes at or above 80% of initial value, par; otherwise, lose 1% for every 1% decline beyond 20%
|
Initial price: | $418.76
|
Buffer level: | 80% of initial level
|
Pricing date: | June 27, 2023
|
Settlement date: | June 30, 2023
|
Underwriter: | Goldman Sachs & Co. LLC
|
Fees: | 1.93%
|
Cusip: | 40057TDP6
|
|
© 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.