Published on 2/28/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1.89 million notes linked to Nasdaq, S&P, Russell
By Angela McDaniels
Tacoma, Wash., Feb. 28 – GS Finance Corp. priced $1.89 million of 0% index-linked notes due June 30, 2028 linked to the Nasdaq-100 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return of each index is greater than or equal to zero, the payout at maturity will be par plus the greater of 45% and the least performing index’s return.
If the index return of any index is less than zero but the index return of each index is greater than or equal to negative 30%, the payout will be par plus the absolute value of the least performing index’s return.
If the index return of any index is less than negative 30%, investors will lose 1% for every 1% that the least performing index declines from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying indexes: | Nasdaq-100 index, S&P 500 index and Russell 2000 index
|
| Amount: | $1,891,000
|
| Maturity: | June 30, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If return of each index is greater than or equal to zero, par plus greater of 45% and least performing index’s return; if return of any index is less than zero but return of each index is greater than or equal to negative 30%, par plus absolute value of least performing index’s return; otherwise, 1% loss for every 1% that least performing index declines from initial level
|
| Initial levels: | 14,945.91 for Nasdaq, 4,378.41 for S&P and 1,849.93 for Russell
|
| Barrier levels: | 70% of initial levels
|
| Pricing date: | June 27, 2023
|
| Settlement date: | June 30, 2023
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 4.08%
|
| Cusip: | 40057T2V5
|
|
|
© 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.
