Published on 6/27/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $3.46 million index-linked notes on Russell, S&P
By Wendy Van Sickle
Columbus, Ohio, June 27 – GS Finance Corp. priced $3.46 million of 0% index-linked notes due July 11, 2024 linked to the performance of the S&P 500 index and the Russell 2000 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 at least 75% of its initial level, the payout at maturity will be par plus 12.65%.
Otherwise, investors will be fully exposed to any losses of the worst performing index from its initial level.
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: | Index-linked notes
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Underlying indexes: | S&P 500 index, Russell 2000 index
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Amount: | $3,463,000
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Maturity: | July 11, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of each index is at least 75% of its initial level, par plus 12.65%; otherwise, full exposure to loss of worst performing index from initial level
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Initial levels: | 4,283.85 for S&P, 1,855.401 for Russell
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Pricing date: | June 6
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Settlement date: | June 9
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.43%
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Cusip: | 40057RZH4
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