By Angela McDaniels
Tacoma, Wash., March 26 – GS Finance Corp. priced $188,000 of 0% index-linked notes due Jan. 5, 2026 linked to lesser performing of the Dow Jones U.S. Select Dividend index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return of each index is greater than or equal to 0%, the payout at maturity will be par plus 125% of the lesser performing index’s return, subject to a maximum return of 75%.
If the index return of either index is less than 0% but the index return of each index is greater than or equal to negative 15%, the payout will be par plus the absolute value of the lesser performing index’s return.
If the index return of either index is less than negative 15%, investors will lose 1% for every 1% that the lesser performing index declines beyond 15%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying indexes: | Dow Jones U.S. Select Dividend index and S&P 500 index
|
| Amount: | $188,000
|
| Maturity: | Jan. 5, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If return of each index is greater than or equal to 0%, par plus 125% of lesser performing index’s return, subject to maximum return of 75%; if return of either index is less than 0% but return of each index is greater than or equal to negative 15%, par plus absolute value of lesser performing index’s return; otherwise, par minus 1% for every 1% that lesser performing index declines beyond 15%
|
| Initial levels: | 807.95 for Dow and 4,450.38 for S&P
|
| Buffer levels: | 85% of initial level
|
| Pricing date: | June 30, 2023
|
| Settlement date: | July 6, 2023
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.5%
|
| Cusip: | 40057RZQ4
|
|
|
© 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.
