Published on 10/31/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $98,000 basket-linked notes on equally weighted index basket
By Kiku Steinfeld
Chicago, Oct. 31 – GS Finance Corp. priced $98,000 of 0% notes due Oct. 5, 2028 linked to an equally weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Russell 2000 index, the Euro Stoxx 50 index and the S&P 500 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.
Otherwise, investors will receive par.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Basket-linked notes
|
| Underlying indexes: | Russell 2000 index, Euro Stoxx 50 index, S&P 500 index; equal weights
|
| Amount: | $98,000
|
| Maturity: | Oct. 5, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the basket finishes positive, par plus the basket return; otherwise, par
|
| Initial levels: | 1,802.484 for Russell, 4,315.05 for Stoxx, 4,109.31 for S&P
|
| Pricing date: | March 31, 2023
|
| Settlement date: | April 5, 2023
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.25%
|
| Cusip: | 40057R4L9
|
|
|
© 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.
