Published on 8/19/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $3.5 million digital index-linked notes on S&P MidCap 400
By Kiku Steinfeld
Chicago, Aug. 21 – GS Finance Corp. priced $3.5 million of 0% digital index-linked notes due Feb. 27, 2026 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above 80% of its initial level, the payout at maturity will be par plus 28.1%.
Otherwise, investors will be fully exposed to the decline of the index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Digital index-linked notes
|
| Underlying index: | S&P MidCap 400 index
|
| Amount: | $3,503,000
|
| Maturity: | Feb. 27, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above barrier level, par plus 28.1%; otherwise, full exposure to losses of index
|
| Initial index level: | 2,600.68
|
| Barrier level: | 80% of initial level
|
| Pricing date: | Feb. 24, 2023
|
| Settlement date: | March 1, 2023
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.5%
|
| Cusip: | 40057PQ54
|
|
|
© 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.
