Published on 12/12/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $130,000 digital ETF-linked notes on Gold Miners
By Kiku Steinfeld
Chicago, Dec. 12 – GS Finance Corp. priced $130,000 of 0% digital ETF-linked notes due May 24, 2024 linked to the VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the ETF finishes at or above initial level, the payout at maturity will be $1,147.50 per $1,000 principal amount of notes.
If the ETF declines by up to 30%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the ETF declines from initial level.
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: | Digital ETF-linked notes
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Underlying ETF: | VanEck Gold Miners ETF
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Amount: | $130,000
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Maturity: | May 24, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the ETF finishes at or above initial level, $1,147.50 per $1,000 principal amount of notes; if ETF declines by up to 30%, par; otherwise, 1% loss for every 1% of ETF decline from initial level
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Initial ETF level: | $33.61
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Barrier level: | 70% of initial level
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Pricing date: | April 21, 2023
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Settlement date: | April 26, 2023
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.93%
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Cusip: | 40057RH68
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