E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 4/26/2023 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $1.11 million index-linked notes tied to Russell 2000, S&P 500

By William Gullotti

Buffalo, N.Y., April 26 – GS Finance Corp. priced $1.11 million of 0% index-linked notes due April 3, 2026 linked to the least performing of the Russell 2000 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.

If the return of each index is zero or positive, the payout at maturity will be par plus 24.25%.

Otherwise, investors will receive par.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Index-linked notes
Underlying indexes:Russell 2000 index, S&P 500 index
Amount:$1.11 million
Maturity:April 3, 2026
Coupon:0%
Price:Par
Payout at maturity:If the return of each index is zero or positive, par plus 24.25%; otherwise, par
Initial levels:1,802.484 for Russell, 4,109.31 for S&P
Pricing date:March 31
Settlement date:April 5
Agent:Goldman Sachs & Co. LLC
Fees:0.75%
Cusip:40057PXB3

© 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.