Published on 7/19/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $326,000 index-linked notes on Russell, S&P, Dow
By Kiku Steinfeld
Chicago, July 19 – GS Finance Corp. priced $326,000 of 0% index-linked notes due Feb. 22, 2028 tied to the Dow Jones industrial average, 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 at or above its initial level, the payout will be par plus the greater of the return of the least performing index and 36.5%.
If worst-performing index falls by up to 30%, the payout will be par plus the absolute value of its return.
Otherwise, investors will be exposed to any loss of the worst-performing index.
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: | Dow Jones industrial average, Russell 2000 and S&P 500
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| Amount: | $326,000
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| Maturity: | Feb. 22, 2028
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each index finishes at or above its initial level, par plus the greater of the return of the least performing index and 36.5%; par plus the absolute value of the lesser performing index return if it falls by up to 30%; otherwise, exposure to losses of worst performing index
|
| Initial levels: | 1,942.212 for Russell, 4,090.41 for S&P, 33,696,85 for Dow
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| Pricing date: | Feb. 16, 2023
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| Settlement date: | Feb. 22, 2023
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.125%
|
| Cusip: | 40057PPZ9
|
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