Published on 5/5/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.33 million index-linked notes on Russell, S&P, Nasdaq
Chicago, May 5 – GS Finance Corp. priced $1.33 million of 0% index-linked notes due April 28, 2028 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Nasdaq-100 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 the return of the least performing index, capped at par plus 45%.
If the least performing index falls by up to 30%, the payout will be par plus the absolute value of the return of that index. Otherwise, investors will be fully exposed to any losses 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: | Russell 2000 index, S&P 500 index, Nasdaq-100 index
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Amount: | $1,334,000
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Maturity: | April 28, 2028
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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 zero or positive, par plus the return of the least performing index, capped at par plus 45%; if any index falls but the final underlier level of each is greater than or equal to the trigger buffer level, par plus absolute value of return of worst performer; otherwise, full exposure to decline of worst performer
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Initial levels: | 1,745.952 for Russell, 4,071.63 for S&P, 12,725.11 for Nasdaq
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Trigger buffer levels: | 70% of initial levels
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Pricing date: | April 25
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Settlement date: | April 28
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.85%
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Cusip: | 40057REB0
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