Published on 2/27/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1.42 million Trigger PLUS linked to S&P 500 Value
New York, Feb. 27 – GS Finance Corp. priced $1.42 million of 0% Trigger PLUS due March 3, 2027 linked to the S&P 500 Value 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 200% of the index return, subject to a maximum return of par plus 33.3%.
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: | S&P 500 Value index
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| Amount: | $1,416,000
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| Maturity: | March 3, 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 200% of index return, subject to a maximum return of par plus 33.3%; 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: | 1,729.55
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| Trigger level: | 1,383.64, 80% of initial level
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| Upside leverage: | 200%
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| Cap: | 33.3%
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| Pricing date: | Feb. 14
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| Settlement date: | Feb. 20
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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: | 40057Y5J8
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