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Published on 4/3/2024 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $1.68 million leveraged index-linked notes tied to S&P

By William Gullotti

Buffalo, N.Y., April 3 – GS Finance Corp. priced $1.68 million of 0% leveraged index-linked notes due March 25, 2027 tied to the S&P 500 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 125% of the index return, capped at par plus 23.1%.

Otherwise, investors will receive par.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are the agents.

Issuer:GS Finance Corp.
Issue:Leveraged index-linked notes
Underlying index:S&P 500 index
Amount:$1,684,000
Maturity:March 25, 2027
Coupon:0%
Price:Par
Payout at maturity:If the index return is positive, par plus 125% of the index return, capped at par plus 23.1%; otherwise, par
Initial index level:5,241.53
Pricing date:March 21
Settlement date:March 26
Agents:Goldman Sachs & Co. LLC and Citigroup Global Markets Inc.
Fees:1.75%
Cusip:40057YLJ0

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