Published on 1/8/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $2.6 million contingent market-linked notes tied to S&P
By William Gullotti
Buffalo, N.Y., Jan. 8 – GS Finance Corp. priced $2.6 million of 0% market-linked notes – contingent fixed return and principal return at maturity due Dec. 31, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Notes and Exchange Commission.
If the index finishes flat or gains, the payout at maturity will be par plus 16.55%.
Otherwise, investors will receive par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Wells Fargo Notes LLC and Goldman Sachs & Co. LLC are the agents.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Market-linked notes – contingent fixed return and principal return at maturity
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Underlying: | S&P 500 index
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Amount: | $2,599,000
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Maturity: | Dec. 31, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes flat or gains, par plus 16.55%; otherwise, par
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Initial level: | 4,783.35
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Pricing date: | Dec. 28
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Settlement date: | Jan. 3
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Agent: | Wells Fargo Notes LLC and Goldman Sachs & Co. LLC
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Fees: | 3.325%
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Cusip: | 40057XMT9
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