Published on 4/22/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $8.95 million Trigger PLUS linked to Topix
New York, April 22 – GS Finance Corp. priced $8.95 million of 0% Trigger PLUS due May 5, 2027 linked to the Topix 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 193.5% of the index return.
Investors will receive par if the index return is negative but ends at or above the 80% trigger and will lose 1% for every 1% decline if it ends below the trigger level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Trigger PLUS
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Underlying index: | Topix index
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Amount: | $8,947,000
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Maturity: | May 5, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 193.5% of index return; par if index declines but finishes at or above trigger level; otherwise, 1% loss for every 1% that index declines from initial level
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Initial level: | 2,663.15
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Trigger level: | 2,130.52, 80% of initial level
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Upside leverage: | 193.5%
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Pricing date: | April 17
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Settlement date: | April 22
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Agent: | Goldman Sachs & Co. LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 3.00%
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Cusip: | 40057YVY6
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