Published on 1/11/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $246,000 notes linked to Euro Stoxx, iShares MSCI EAFE
By Angela McDaniels
Tacoma, Wash., Jan. 11 – GS Finance Corp. priced $246,000 of 0% underlier-linked notes due May 1, 2026 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of each asset is greater than or equal to zero, the payout at maturity will be par plus 1.65 times the lesser performing asset’s return.
If the return of either asset is less than zero but the return of each asset is greater than or equal negative 40%, the payout will be par.
If the return of either asset is less than negative 40%, investors will lose 1% for every 1% that the lesser performing asset declines from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Underlier-linked notes
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| Underlying assets: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
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| Amount: | $246,000
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| Maturity: | May 1, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If return of each asset is greater than or equal to zero, par plus 1.65 times lesser performing asset’s return; if return of either asset is less than zero but return of each asset is greater than or equal negative 40%, par; if return of either asset is less than negative 40%, 1% loss for every 1% that lesser performing asset declines from initial level
|
| Initial levels: | 4,359.31 for index and $73.62 for ETF
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| Barrier levels: | 60% of initial level
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| Pricing date: | April 28, 2023
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| Settlement date: | May 3, 2023
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.84%
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| Cusip: | 40057REK0
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