Published on 11/8/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $34.64 million market-linked notes linked to S&P 500
New York, Nov. 8 – GS Finance Corp. priced $34.64 million of 0% market-linked notes due Nov. 5, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 100% of the index return subject to a maximum return of par plus 17.1%. Otherwise investors will receive par.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | Market-linked notes
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Underlying index: | S&P 500 index
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Amount: | $34,644,000
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Maturity: | Nov. 5, 2025
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Coupon: | 0%
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Price: | 100.00% of the principal amount
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Payout at maturity: | If index return is positive, par plus 100% of index return subject to a maximum return of par plus 17.1%; minimum payout of par
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Initial level: | 4,193.8
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Upside leverage: | 100%
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Cap: | 17.1%
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Pricing date: | Oct. 31
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Settlement date: | Nov. 3
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 2.5%
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Cusip: | 40057WTE7
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