Published on 3/4/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $2.31 million index-linked notes on S&P 500
Chicago, March 4 – GS Finance Corp. priced $2.31 million of 0% index-linked notes due Dec. 2, 2026 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 the index gain, capped at 21.25%.
Otherwise, investors will receive par.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,312,000
|
| Maturity: | Dec. 2, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at 21.25%; otherwise, par
|
| Initial index level: | 5,069.53
|
| Pricing date: | Feb. 26
|
| Settlement date: | Feb. 29
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2%
|
| Cusip: | 40057Y6P3
|
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