Published on 11/20/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $5.78 million Buffered PLUS linked to S&P 500
New York, Nov. 20 – GS Finance Corp. priced $5.78 million of 0% Buffered PLUS due June 3, 2026 linked to the S&P 500 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 29%.
Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is the 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: | S&P 500 index
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Amount: | $5,784,000
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Maturity: | June 3, 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 29%; par if index declines by 10% or less; otherwise, 1% loss for every 1% that index declines beyond 10%
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Initial level: | 4,502.88
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Buffer: | 10%
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Upside leverage: | 200%
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Cap: | 29%
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Pricing date: | Nov. 15
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Settlement date: | Nov. 20
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Agent: | Goldman Sachs & Co. LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 3.00%
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Cusip: | 40057X4M4
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