Published on 11/16/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $203,000 index-linked notes on Momentum Builder
Chicago, Nov. 16 – GS Finance Corp. priced $203,000 of index-linked notes due Oct. 26, 2027 tied to the GS Momentum Builder Focus ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a monthly coupon at an annual rate of 25.5%.
The payout at maturity will be par plus five times the index gain if the index return is positive.
Otherwise, investors will receive par.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying index: | GS Momentum Builder Focus ER index
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Amount: | $203,000
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Maturity: | Oct. 26, 2027
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Coupon: | 25.5% annual rate, payable monthly
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Price: | Par
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Payout at maturity: | If the index finishes at or above its initial level, par plus five times the index return; if the index finishes flat or declines, investors will receive par
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Initial level: | 101.30
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Pricing date: | Oct. 21, 2022
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Settlement date: | Oct. 26, 2022
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.91%
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Cusip: | 40057NML8
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