Published on 2/26/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $895,000 buffered digital index-linked notes on S&P
By Kiku Steinfeld
Chicago, Feb. 26 – GS Finance Corp. priced $895,000 of 0% buffered digital index-linked notes Dec. 31, 2026 linked to 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.
If the final level of the index is greater than or equal to the buffer level, 85% of its initial level, the payout at maturity will be par plus 27.6%.
Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Buffered digital index-linked notes
|
Underlying index: | S&P 500 index
|
Amount: | $895,000
|
Maturity: | Dec. 31, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the final index level is greater than or equal to 85% buffer level, par plus 27.6%; 1% loss for every 1% that index declines beyond 15%
|
Initial index level: | 4,378.41
|
Buffer level: | 85% of initial level
|
Pricing date: | June 27, 2023
|
Settlement date: | June 30, 2023
|
Underwriter: | Goldman Sachs & Co. LLC
|
Fees: | 2.8%
|
Cusip: | 40057T7C2
|
|
© 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.