Published on 12/3/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.37 million index-linked notes on Russell, S&P, Nasdaq
Chicago, Dec. 4 – GS Finance Corp. priced $1.37 million of 0% index-linked notes due Nov. 30, 2028 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each index is zero or positive, the payout at maturity will be par plus the greater of the worst performing index’s return and 50%
If the least performing index falls by no more than 30%, the payout will be par plus the absolute value of the worst performer’s return.
Otherwise, investors will be fully exposed to any losses of the worst performing index from its initial level.
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: | Index-linked notes
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| Underlying indexes: | Russell 2000 index, S&P 500 index, Nasdaq-100 index
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| Amount: | $1,370,000
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| Maturity: | Nov. 30, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the return of each index is zero or positive, par plus greater of the worst performing index’s return and 50%; if any index falls but not below its trigger buffer level, par plus the absolute return of the worst performer; if any index falls by more than trigger buffer, investors will be fully exposed to the decline of the worst performing index from its initial level
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| Initial levels: | 15,961.98 for Nasdaq, 4,550.43 for S&P, 1,801.154 for Russell
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| Trigger buffer levels: | 70% of initial levels
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| Pricing date: | Nov. 27
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| Settlement date: | Nov. 30
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.125%
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| Cusip: | 40057WUT2
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