Published on 2/14/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $14.77 million dual directional trigger PLUS linked to Russell 2000
New York, Feb. 14 – GS Finance Corp. priced $14.77 million of 0% dual directional trigger PLUS due Feb. 5, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of par plus 27%.
Investors will receive a 1% gain for each 1% loss if the index declines but finishes at or above the 85% principal barrier and will lose 1% for every 1% decline if the index ends below its principal barrier.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Dual directional trigger PLUS
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Underlying index: | Russell 2000 index
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Amount: | $14,773,000
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Maturity: | Feb. 5, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 200% of index return, subject to a maximum return of par plus 27%; 1% gain for each 1% loss if index declines but ends at or above principal barrier; otherwise, full exposure to decline of index from initial level
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Initial level: | 1,947.342
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Principal barrier: | 1,655.2407, 85% of initial level
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Upside leverage: | 200%
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Cap: | 27%
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Pricing date: | Jan. 31
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Settlement date: | Feb. 5
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Agent: | Goldman Sachs & Co. LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 2.50%
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Cusip: | 40057XVR3
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