Published on 4/3/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1.03 million underlier-linked notes tied to indexes, ETF
By William Gullotti
Buffalo, N.Y., April 3 – GS Finance Corp. priced $1.03 million of 0% underlier-linked notes due March 29, 2027 linked to the Russell 2000 Value index, the S&P 500 index and the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each underlier finishes at or above its barrier level, 50% of initial value, the payout at maturity will be par plus 40%.
Otherwise, investors will lose 1% for each 1% that the worst performer declines from its initial value.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Underlier-linked notes
|
| Underlying assets: | S&P 500 index, Russell 2000 Value index, VanEck Vectors Gold Miners ETF
|
| Amount: | $1.03 million
|
| Maturity: | March 29, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each underlier finishes at or above barrier level, par plus 40%; otherwise, 1% loss for every 1% decline of worst performer from initial value
|
| Initial values: | $31.55 for ETF, 3,970.99 for S&P, 1,989.143 for Russell Value
|
| Barrier level: | 50% of initial levels
|
| Pricing date: | March 24
|
| Settlement date: | March 29
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.51%
|
| Cusip: | 40057R4P0
|
|
|
© 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.
