Published on 11/17/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $3.7 million index-linked notes on Russell, S&P
Chicago, Nov. 17 – GS Finance Corp. priced $3.7 million of 0% index-linked notes due Nov. 18, 2025 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 the return of each index is zero or positive, the payout at maturity will be par plus 155% of the return of the laggard index.
If the least performing index falls by up to 5%, the payout will be par.
Otherwise, investors will be exposed to any losses of the worst performing index beyond 5%.
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: | $3,696,000
|
| Maturity: | Nov. 18, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the return of each index is zero or positive, par plus 155% of the return of the laggard index; if any index falls but the final underlier level of each is greater than or equal to the buffer level, par; if any index falls by more than 5%, investors will be exposed to the decline of the worst performing index beyond the buffer
|
| Initial levels: | 1,705.502 for Russell, 4,411.55 for S&P
|
| Buffer levels: | 95% of initial levels
|
| Pricing date: | Nov. 13
|
| Settlement date: | Nov. 16
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.8%
|
| Cusip: | 40057WZT7
|
|
|
© 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.
