Published on 2/8/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.03 million buffered index-linked notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, Feb. 8 – GS Finance Corp. priced $1.03 million of 0% buffered index-linked notes due Aug. 6, 2025 based on the performance of 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.
The payout at maturity will be par plus any index gain, capped at 16.75%.
If the index falls by up to 20%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline beyond 20%.
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: | Buffered index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $1.03 million
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Maturity: | Aug. 6, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at 16.75%; if index falls by up to 20%, par; otherwise, 1% loss for every 1% decline beyond 20%
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Initial index level: | 4,906.19
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Pricing date: | Feb. 1
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Settlement date: | Feb. 6
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Agent: | Goldman, Sachs & Co. LLC
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Fees: | 0.6%
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Cusip: | 40057XXY6
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