Published on 2/12/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $857,000 autocallable index-linked notes on Momentum Builder
Chicago, Feb. 12 – GS Finance Corp. priced $857,000 of 0% autocallable index-linked notes due June 9, 2028 tied to the GS Momentum Builder Focus ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus a 17.7% call premium if the index closes at or above its initial level on May 28, 2024.
If the index finishes positive, the payout at maturity will be par plus three times the return of the index.
Otherwise, investors will receive par.
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: | Autocallable index-linked notes
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Underlying index: | GS Momentum Builder Focus ER index
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Amount: | $857,000
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Maturity: | June 9, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes at or above its initial level, par plus three times index return; if the index finishes flat or declines, investors will receive par
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Call: | At par plus a 17.7% call premium if index closes at or above initial level on May 28, 2024
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Initial level: | 102.02
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Pricing date: | May 25, 2023
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Settlement date: | May 31, 2023
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.97%
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Cusip: | 40057RQT8
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