Published on 9/22/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $7.48 million 8% fixed coupon index-linked notes on MSCI EAFE, S&P
By Wendy Van Sickle
Columbus, Ohio, Sept. 22 – GS Finance Corp. priced $7.48 million of 8% fixed coupon index-linked notes due May 21, 2025 linked to the MSCI EAFE index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest is payable monthly.
The payout at maturity will be par if each index finishes at or above its 80% trigger level.
Otherwise, investors will lose 1.25% for every 1% decline of the worst performer beyond 20%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Fixed coupon index-linked notes
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| Underlying indexes: | MSCI EAFE index, S&P 500 index
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| Amount: | $7.48 million
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| Maturity: | May 21, 2025
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| Coupon: | 8% per year, payable monthly
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above trigger level, par; otherwise, lose 1.25% for every 1% decline of the worst performer below 20%
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| Initial levels: | 2,093.63 for MSCI EAFE, 4,453.53 for S&P
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| Trigger level: | 80% of initial levels
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| Pricing date: | Sept. 18
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| Settlement date: | Sept. 21
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | None
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| Cusip: | 40057WCF2
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