Published on 1/23/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.19 million autocallable underlier-linked notes on indexes, ETF
Chicago, Jan. 23 – GS Finance Corp. priced $1.19 million of 0% autocallable underlier-linked notes due Jan. 15, 2027 linked to the Dow Jones industrial average, the Russell 2000 index and the Technology Select Sector SPDR Fund, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus a 16.75% call premium if the lesser-performing underlier closes at or above its initial level on Jan. 8, 2025.
If the lesser-performing underlier finishes at or above its initial level, the payout at maturity will be par plus 1.5 times the return of the lesser-performing underlier.
If the worst performer falls by up to 30%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the worst performer from the initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable underlier-linked notes
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| Underlying assets: | Dow Jones industrial average, Russell 2000 index, Technology Select Sector SPDR Fund
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| Amount: | $1,187,000
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| Maturity: | Jan. 15, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the lesser-performing asset finishes at or above initial level, par plus 1.5 times the return of that underlier; if the worst performer declines by up to 30%, par; otherwise, lose 1% for every 1% decline of the worst performer from initial level
|
| Call: | Automatically at par plus a 16.75% call premium if lesser-performing underlier closes at or above initial level on Jan. 8, 2025
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| Initial levels: | 1,989.006 for Russell, 37,683.01 for Dow, $188.74 for technology
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| Trigger buffer levels: | 70% of initial levels
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| Pricing date: | Jan. 8
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| Settlement date: | Jan. 11
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 3%
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| Cusip: | 40057XR72
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