New Issue: GS Finance sells $591,000 index-linked notes on Russell, S&P

By Kiku Steinfeld

Chicago, June 20 – GS Finance Corp. priced $591,000 of 0% index-linked notes due Feb. 3, 2028 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 each index finishes above its initial level, the payout at maturity will be par plus 1.2 times the return of the worst performer.

If at least one has declined and each index finishes at or above its 60% barrier level, the payout at maturity will be par plus the absolute value of the lesser performing index.

Otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level.

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:	$591,000
Maturity:	Feb. 3, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.2 times return of worst performer if both indexes finish positive; par plus absolute value of return of worst performer if at least one index has declined but both finish above barrier levels; otherwise, 1% loss for each 1% decline from initial level
Initial levels:	1,931.945 for Russell, 4,076.60 for S&P
Barrier levels:	60% of initial levels
Pricing date:	Jan. 31, 2023
Settlement date:	Feb. 3, 2023
Agent:	Goldman Sachs & Co. LLC
Fees:	0.85%
Cusip:	40057PDL3

© 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.