Published on 11/7/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $552,000 index-linked notes on Nasdaq-100
By Kiku Steinfeld
Chicago, Nov. 7 – GS Finance Corp. priced $552,000 of 0% index-linked notes due April 10, 2025 linked to the performance of the Nasdaq-100 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 positive, the payout at maturity will be par plus the return of the index, subject to a maximum settlement amount of par plus 17.6%.
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: | Index-linked notes
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Underlying index: | Nasdaq-100
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Amount: | $552,000
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Maturity: | April 10, 2025
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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 the return, capped at par plus 17.6%; otherwise, par
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Initial level: | 13,062.60
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Pricing date: | April 6, 2023
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Settlement date: | April 11, 2023
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.52%
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Cusip: | 40057RFG8
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