Published on 8/29/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $77,000 leveraged index-linked notes on S&P 500
Chicago, Aug. 29 – GS Finance Corp. priced $77,000 of 0% leveraged index-linked notes due Aug. 20, 2027 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.22 times the index return.
The payout will be par if the index declines but not more than 30%.
Otherwise, investors will lose 1% for every 1% decline.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $77,000
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| Maturity: | Aug. 20, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is positive, par plus 1.22 times the index return; par if index declines but not more than barrier; otherwise, full exposure to index decline from initial level
|
| Initial index level: | 4,274.04
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| Barrier level: | 70% of initial level
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| Pricing date: | Aug. 17, 2022
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| Settlement date: | Aug. 22, 2022
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.6%
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| Cusip: | 40057MV48
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