Published on 1/5/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $10.57 million Buffered PLUS on Euro Stoxx 50
New York, Jan. 5 – GS Finance Corp. priced $10.57 million of 0% Buffered PLUS due July 6, 2026 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the index is positive, the payout at maturity will be par plus 200% of the index return subject to a maximum return of par plus 48.4%. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is acting as dealer.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Buffered PLUS
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Underlying index: | Euro Stoxx 50 index
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Amount: | $10,567,000
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Maturity: | July 6, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 200% of index return subject to a maximum return of par plus 48.4%; par if index declines by 15% or less; 1% loss for every 1% that index declines beyond 15%
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Initial level: | 4,514.38
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Buffer: | 15%
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Upside leverage: | 200%
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Cap: | 48.4%
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Pricing date: | Dec. 28
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Settlement date: | Jan. 3
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Agent: | Goldman Sachs & Co. LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 3%
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Cusip: | 40057XK79
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