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Published on 1/4/2024 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $1.29 million leveraged index-linked notes on Euro Stoxx 50

By William Gullotti

Buffalo, N.Y., Jan. 4 – GS Finance Corp. priced $1.29 million of 0% leveraged index-linked notes due Dec. 27, 2028 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the return.

Investors will gain 1% for each 1% decline if the index declines but finishes at or above its 60% trigger level and lose 1% for each 1% decline if it finishes below trigger level.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:GS Finance Corp.
Issue:Leveraged index-linked notes
Underlying index:Euro Stoxx 50 index
Amount:$1,292,000
Maturity:Dec. 27, 2028
Coupon:0%
Price:Par
Payout at maturity:If the index return is positive, par plus 200% of the return; if the index falls by no more than 40%, par plus the absolute value of the return; otherwise, full exposure to decline of index from initial level
Initial index level:4,524.86
Trigger level:60% of initial level
Pricing date:Dec. 21
Settlement date:Dec. 27
Underwriter:Goldman Sachs & Co. LLC
Fees:None
Cusip:40057XEQ4

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