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Published on 2/8/2024 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $1.58 million upside participation market-linked buffered notes on Stoxx

By William Gullotti

Buffalo, N.Y., Feb. 8 – GS Finance Corp. priced $1.58 million of 0% market-linked securities – upside participation with contingent minimum return and fixed percentage buffered downside due Feb. 2, 2029 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes flat or gains, the payout at maturity will be the greater of par plus 48.25% and par plus the index return.

Investors will receive par if the index falls by no more than 30% and will lose 1% for every 1% decline of the index beyond 30%.

The securities are guaranteed by Goldman Sachs Group, Inc.

Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC are the agents.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Market-linked securities – upside participation with contingent minimum return and fixed percentage buffered downside
Underlying:Euro Stoxx 50 index
Amount:$1,582,000
Maturity:Feb. 2, 2029
Coupon:0%
Price:Par
Payout at maturity:If index finishes flat or gains, greater of par plus 48.25% and par plus the index return; if index falls by up to 30%, par; otherwise, 1% loss for every 1% decline of index beyond 30%
Initial level:4,662.7
Buffer level:70% of initial level
Pricing date:Jan. 30
Settlement date:Feb. 2
Agent:Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC
Fees:3.87%
Cusip:40057XN76

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