Published on 2/28/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $525,000 buffered notes linked to Dow Jones U.S. Select Dividend
By Angela McDaniels
Tacoma, Wash., Feb. 28 – GS Finance Corp. priced $525,000 of 0% buffered index-linked notes due June 30, 2028 linked to the Dow Jones U.S. Select Dividend index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 130% of the index return. If the index declines by 25% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 25%.
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: | Buffered index-linked notes
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Underlying index: | Dow Jones U.S. Select Dividend index
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Amount: | $525,000
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Maturity: | June 30, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than initial index level, par plus 130% of index return; if index declines by 25% or less, par; otherwise, 1% loss for every 1% that index declines beyond 25%
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Initial level: | 802.30
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Buffer level: | 75% of initial level
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Pricing date: | June 27, 2023
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Settlement date: | June 30, 2023
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 4.23%
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Cusip: | 40057T2F0
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