Published on 2/26/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $549,000 index-linked notes on S&P, Nasdaq, Russell
By Kiku Steinfeld
Chicago, Feb. 26 – GS Finance Corp. priced $549,000 of 0% index-linked notes due July 2, 2024 tied to the S&P 500 index, the Russell 2000 index and 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 each index finishes at or above 70% of its initial level, the payout at maturity will be par plus 7.5%.
If any index falls by more than 30%, investors will be fully exposed to the decline of the least performing index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying indexes: | S&P 500 index, Nasdaq-100 index, Russell 2000 index
|
| Amount: | $549,000
|
| Maturity: | July 2, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above trigger level, par plus 7.5%; if any index falls by more than 30%, exposure to the decline of the least performing index
|
| Initial index levels: | 14,945.91 for Nasdaq, 4,378.41 for S&P, 1,849.930 for Russell
|
| Trigger levels: | 70% of initial levels
|
| Pricing date: | June 27, 2023
|
| Settlement date: | June 30, 2023
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.225%
|
| Cusip: | 40057TDL5
|
|
|
|
|
© 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.
