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Published on 1/31/2024 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $1.22 million bearish leveraged index-linked notes on S&P

By William Gullotti

Buffalo, N.Y., Jan. 31 – GS Finance Corp. priced $1.22 million of bearish leveraged index-linked notes due Jan. 23, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or below its initial level, investors will gain 3% for every 1% decline of the index, subject to a maximum payout of par plus 60%

Otherwise, investors will lose 1% for every 1% of index gain.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc
Issue:Bearish leveraged index-linked notes
Underlying index:S&P 500 index
Amount:$1.22 million
Maturity:Jan. 23, 2025
Coupon:0%
Price:Par
Payout at maturity:If the index finishes flat or declines, par plus 300% of the absolute value of the index return, up to maximum payout of par plus 60%; otherwise, 1% loss for every 1% increase of the index from initial level
Initial index level:4,739.21
Pricing date:Jan. 17
Settlement date:Jan. 22
Underwriter:Goldman Sachs & Co. LLC
Fees:2.1%
Cusip:40057XX26

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