Published on 1/31/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $5.77 million capped gears linked to S&P 500
By William Gullotti
Buffalo, N.Y., Jan. 31 – GS Finance Corp. priced $5.77 million of 0% capped gears due Feb. 21, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus triple the index gain, capped at par plus 13.13%.
Investors will be fully exposed to any index decline.
Goldman, Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. as selling agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Capped gears
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Underlying index: | S&P 500
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Amount: | $5,769,100
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Maturity: | Feb. 21, 2025
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus three times any index gain, capped at par plus 13.13%; otherwise, full exposure to any decline
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Initial index level: | 4,765.98
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Strike date: | Jan. 16
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Pricing date: | Jan. 17
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Settlement date: | Jan. 19
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Underwriter: | Goldman, Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
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Fees: | 2%
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Cusip: | 36267H153
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