Published on 4/22/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $3 million of buffered digital basket-linked notes
By William Gullotti
Buffalo, N.Y., April 22 – GS Finance Corp. priced $3 million of 0% buffered digital basket-linked notes due Oct. 1, 2025 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 26% weight, the FTSE 100 index with a 17% weight, the Swiss Market index with a 12% weight and the S&P/ASX 200 index with a 9% weight.
If the basket finishes flat or gains, the payout at maturity will be the greater of par plus 14.75% and par plus the basket return.
Investors will receive par if the basket finishes flat or falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered digital basket-linked notes
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| Underlying basket: | Euro Stoxx 50 index (36% weight), Topix index (26% weight), FTSE 100 index (17% weight), Swiss Market index (12% weight), S&P/ASX 200 index (9% weight)
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| Amount: | $3 million
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| Maturity: | Oct. 1, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If basket return is zero or positive, the greater of par plus 14.75% and par plus the basket return; if basket finishes flat or declines by up to 10%, par; otherwise, 1.1111% loss for every 1% decline beyond 10%
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| Initial levels: | 5,083.42 for Stoxx, 2,750.81 for Topix, 7,952.62 for FTSE, 11,730.43 for Swiss Market, 7,896.858 for S&P/ASX
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| Buffer level: | 90% of initial level
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| Pricing date: | March 28
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| Settlement date: | April 4
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.98%
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| Cusip: | 40057YXF5
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