Published on 1/22/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1.51 million index-linked notes tied to three indexes
By William Gullotti
Buffalo, N.Y., Jan. 22 – GS Finance Corp. priced $1.51 million of 0% index-linked notes due April 16, 2025 linked to the least performing of the Russell 2000 index, the Nasdaq-100 Technology Sector index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index finishes at or above its trigger buffer level, 70% of initial level, the payout at maturity will be par plus 11.9%.
Otherwise, investors will lose 1% for each 1% decline of the laggard index from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying indexes: | Russell 2000 index, S&P 500 index, Nasdaq-100 Technology Sector
|
| Amount: | $1,506,000
|
| Maturity: | April 16, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above trigger buffer level, par plus 11.9%; otherwise, lose 1% for each 1% decline of laggard index from initial level
|
| Initial levels: | 1,955.456 for Russell, 4,780.24 for S&P, 9,539.056 for Nasdaq Tech
|
| Trigger buffer levels: | 70% of initial levels
|
| Pricing date: | Jan. 11
|
| Settlement date: | Jan. 17
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.875%
|
| Cusip: | 40057XR64
|
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