New Issue: GS Finance prices $1.37 million digital notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Dec. 4 – GS Finance Corp. priced $1.37 million of 0% digital index-linked notes due July 5, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to negative 25%, the payout at maturity will be $1,095 per $1,000 principal amount of notes. If the index return is below negative 25%, investors will lose 1% for every 1% that the 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:	Digital index-linked notes
Underlying index:	S&P 500 index
Amount:	$1,372,000
Maturity:	July 5, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 25%, par plus 9.5%; otherwise, 1% loss for every 1% that index declines from initial level
Initial level:	4,050.83
Barrier level:	75% of initial level
Pricing date:	March 30, 2023
Settlement date:	April 4, 2023
Underwriter:	Goldman Sachs & Co. LLC
Fees:	2%
Cusip:	40057PU67

© 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.