Published on 2/13/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $238,000 autocallable underlier-linked notes on Stoxx, ETF
Chicago, Feb. 13 – GS Finance Corp. priced $238,000 of 0% autocallable underlier-linked notes due Jan. 6, 2026 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, 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 14.5% if the lesser-performing underlier closes at or above its initial level on Dec. 20, 2024.
If the lesser-performing underlier finishes above its initial level, the payout at maturity will be par plus 1.25 times the return of that asset.
If the worst performer falls beyond the initial level but above the 85% buffer level, the payout will be par. Otherwise, investors will be exposed to the worst performer’s decline beyond the 15% buffer.
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: | Euro Stoxx 50 index and the iShares MSCI EAFE ETF
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| Amount: | $238,000
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| Maturity: | Jan. 6, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performer finishes above initial level, par plus 1.25 times return of that asset; if the lesser-performing asset declines more than initial level but finishes above buffer level, par; otherwise, investors will be exposed to the worst performer’s decline beyond 15% buffer
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| Call: | Automatically at par plus 14.5% if lesser-performing underlier closes at or above its initial level on Dec. 30, 2024
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| Initial levels: | 4,514.38 for index, $75.27 for ETF
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| Buffer levels: | 85% of initial levels
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| Pricing date: | Dec. 28, 2023
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| Settlement date: | Jan. 3, 2024
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.67%
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| Cusip: | 40057XE35
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