Published on 4/12/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.39 million underlier-linked notes on Stoxx index, iShares ETF
By William Gullotti
Buffalo, N.Y., April 12 – GS Finance Corp. priced $2.39 million of 0% underlier-linked notes due Oct. 3, 2024 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each underlier finishes at or above its initial value, the payout at maturity will be par plus 2.02 times the return of the lesser-performing underlier.
Otherwise, investors will be fully exposed to any decline in the laggard underlier.
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: | Underlier-linked notes
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Underlying assets: | Euro Stoxx 50 index, iShares MSCI EAFE ETF
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Amount: | $2,394,000
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Maturity: | Oct. 3, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2.02 times any gain in lesser-performing underlier; otherwise, 1% loss for every 1% decline in lesser-performing underlier from initial value
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Initial values: | $71.94 for ETF, 4,309.45 for index
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Pricing date: | April 6
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Settlement date: | April 12
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | None
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Cusip: | 40057RBP2
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