New Issue: GS Finance sells $6.93 million leveraged upside market-linked notes on basket

By Kiku Steinfeld

Chicago, April 29 – GS Finance Corp. priced $6.93 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside – due Aug. 4, 2025 linked to a basket consisting of the S&P 500 index with a 60% weight and the Euro Stoxx 50 index with a 40% weight, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.1 times any basket gain up to $1,248.80 for each $1,000 face amount of notes.

Investors will receive par if the basket falls by no more than 15% and will be exposed to any losses beyond 15%.

The notes are guaranteed by Goldman Sachs Group, Inc.

Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC are the agents.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
Underlying basket:	Euro Stoxx 50 index (40% weight), S&P 500 index (60% weight)
Amount:	$6.93 million
Maturity:	Aug. 4, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.1 times any basket gain up to $1,248.80 for each $1,000 face amount of notes; par if index falls by up to 15%; 1% loss for each 1% decline beyond 15%
Initial level:	4,588.96 for S&P, 4,471.31 for Stoxx
Buffer level:	85% of initial level
Pricing date:	July 31, 2023
Settlement date:	Aug. 3, 2023
Agents:	Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
Fees:	2.575%
Cusip:	40057TN42

© 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.