Published on 3/19/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $639,000 index-linked notes tied to S&P Daily Risk Control
By Kiku Steinfeld
Chicago, March 20 – GS Finance Corp. priced $639,000 of 0% index-linked notes due June 4, 2025 linked to the performance of the S&P 500 Daily Risk Control 5% USD Excess Return 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 the index is zero or positive, the payout at maturity will be par plus 250% of the index return.
Otherwise, the payout at maturity will be par plus the absolute value of the index return, capped at 200% of 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: | Index-linked notes
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Underlying index: | S&P 500 Daily Risk Control 5% USD Excess Return index
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Amount: | $639,000
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Maturity: | June 4, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes flat or gains, par plus 250% of index return; otherwise, gain 1% for every 1% decline, capped at 200% of par
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Initial level: | 159.26
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Pricing date: | Nov. 30, 2022
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Settlement date: | Dec. 5, 2022
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.54%
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Cusip: | 40057NVS3
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