Published on 2/13/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $97,000 absolute return trigger notes on S&P
Chicago, Feb. 13 – GS Finance Corp. priced $97,000 of 0% absolute return trigger index-linked notes linked to the S&P 500 index due Dec. 31, 2026, according to a 424B2 filing with the Securities and Exchange Commission.
If on any day during the life of the notes the index closes down 30% or above 30% of its initial level, investors will receive par plus 14% at maturity.
If the index stays within the range of 70% to 130% of its initial level during the life of the notes, investors will receive par plus the absolute value of the index return.
The notes will be 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: | Absolute return trigger index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $97,000
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| Maturity: | Dec. 31, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 14% if index closes below 70% or above 130% of initial leave on any day during life of notes; if index stays within that range, par plus absolute value of index return at maturity
|
| Initial level: | 4,783.35
|
| Lower barrier: | 70% of initial level
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| Upper barrier: | 130% of initial level
|
| Pricing date: | Dec. 28, 2023
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| Settlement date: | Jan. 3, 2024
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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.75%
|
| Cusip: | 40057XGE9
|
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