Published on 2/15/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1.28 million ETF-linked notes on SPDR Gold Trust
By William Gullotti
Buffalo, N.Y., Feb. 15 – GS Finance Corp. priced $1.28 million of 0% ETF-linked notes due May 6, 2024 tied to the SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the ETF return is zero or positive, the payout at maturity will par plus the return up to a maximum payout of par plus 10.6%.
Otherwise, investors will receive par.
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: | ETF-linked notes
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Underlying ETF: | SPDR Gold Trust
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Amount: | $1,276,000
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Maturity: | May 6, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return is flat or positive, par plus ETF return with a maximum payout of par plus 10.6%; otherwise, par
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Initial value: | $179.41
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Pricing date: | Jan. 31
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Settlement date: | Feb. 3
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1%
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Cusip: | 40057PHC9
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