Published on 3/18/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $280,000 leveraged basket-linked notes
Chicago, March 18 – GS Finance Corp. priced $280,000 of 0% leveraged notes due March 1, 2029 linked to a weighted index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 Futures Excess Return index with a 50% weight, the S&P MidCap 400 index with a 25% weight and the Nasdaq-100 index with a 25% weight.
The payout at maturity will be par plus 1.365 times the basket gain.
If the basket declines by up to 30%, the payout will be par.
Otherwise, investors will lose 1% for every 1% of decline.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged basket-linked notes
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| Underlying indexes: | S&P 500 Futures Excess Return Index (50% weight), S&P MidCap 400 Index (25% weight), Nasdaq-100 Index (25% weight)
|
| Amount: | $280,000
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| Maturity: | March 1, 2029
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is positive, par plus 1.365 times basket gain; par if basket declines by up to barrier level; otherwise, 1% loss for every 1% of basket decline from initial level
|
| Initial levels: | 451.59 for Excess Return, 2,910.66 for MidCap, 18,302.91 for Nasdaq
|
| Barrier level: | 70% of initial level
|
| Pricing date: | March 1
|
| Settlement date: | March 6
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.375%
|
| Cusip: | 40057YL50
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