Published on 5/10/2023 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $188,000 basket-linked notes tied to three indexes
By Kiku Steinfeld
Chicago, May 10 – GS Finance Corp. priced $188,000 of 0% basket-linked notes due Dec. 6, 2027 linked to a basket of equally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index, the S&P 500 index and the Russell 2000 index.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the basket return is positive, the payout at maturity will be par plus the basket return.
If the basket finishes flat or declines, the payout will be 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: | Basket-linked notes
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| Underlying indexes: | Euro Stoxx 50 index, S&P 500 index, Russell 2000 index; equally weighted
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| Amount: | $188,000
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| Maturity: | July 7, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the basket return is positive, par plus the basket return; if the basket finishes flat or declines, par
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| Initial levels: | 3,882.29 for Stoxx, 1,750.734 for Russell and 3,824.14 for S&P
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| Pricing date: | Jan. 3, 2023
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| Settlement date: | Jan. 6, 2023
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 40057PBJ0
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