Published on 4/8/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $430,000 leveraged buffered index-linked notes linked to Euro Stoxx 50
By Kiku Steinfeld
Chicago, April 8 – GS Finance Corp. priced $430,000 of 0% leveraged buffered index-linked notes due Oct. 10, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 300% of the return of the index subject to a maximum return of par plus 15.25%. The payout will be par if the index declines but by no more than the 10% buffer. Investors will lose 100% of any index decline beyond the buffer.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered index-linked notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $430,000
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Maturity: | Oct. 10, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains par plus 300% of index return subject to a maximum return of par plus 15.25%; par if index declines but by no more than 10% buffer; otherwise par minus 100% of index decline beyond buffer
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Initial level: | 4,350.71
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Upside leverage: | 300%
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Cap: | 15.25%
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Buffer: | 10%
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Downside leverage: | 100%
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Pricing date: | July 5, 2023
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Settlement date: | July 10, 2023
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0%
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Cusip: | 40057TF82
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