Published on 2/28/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $3.02 million digital index-linked notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, Feb. 28 – GS Finance Corp. priced $3.02 million of 0% digital index-linked notes due Feb. 27, 2029 linked to 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 the index finishes at or above its threshold level, 75% of initial level, the payout at maturity will be par plus 20%.
Otherwise, investors will be fully exposed to the losses of the index.
Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are the agents.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Digital index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $3,019,000
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Maturity: | Feb. 27, 2029
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above threshold level, par plus 20%; otherwise, full exposure to losses of index
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Initial index level: | 5,087.03
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Threshold level: | 75% of initial level
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Pricing date: | Feb. 22
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Settlement date: | Feb. 27
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Agents: | Goldman Sachs & Co. LLC and Citigroup Global Markets Inc.
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Fees: | 3%
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Cusip: | 40057YB28
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