Published on 12/3/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.18 million autocallable index-linked notes on three indexes
Chicago, Dec. 4 – GS Finance Corp. priced $1.18 million of 0% autocallable index-linked notes due Dec. 4, 2028 tied to the Nasdaq-100 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on May 27, 2026, the notes will be called at par plus a 32.5% call premium.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus two times the return of the least-performing index.
If the worst performer declines but finishes at or above 60% of its initial level, the payout will be par plus the absolute value of that index’s return.
If any index falls by more than 40%, investors will be exposed to the decline of the worst performing index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | Autocallable index-linked notes
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| Underlying indexes: | Nasdaq-100 index, Dow Jones industrial average, Russell 2000 index
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| Amount: | $1,184,000
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| Maturity: | Dec. 4, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the notes are not called and each index finishes at or above its initial level, par plus two times the return of the least-performing index; if worst performer finishes at or above 60% of initial level, par plus absolute value of that index’s return; otherwise, investors will be exposed to the decline of the worst performing index from its initial level
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| Call: | If each index closes at or above initial level on May 27, 2026, the notes will be called at par plus a 32.5% call premium
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| Initial index levels: | 15,961.98 for Nasdaq, 35,333.47 for Dow, 1,801.154 for Russell
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| Trigger buffer levels: | 60% of initial levels
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| Pricing date: | Nov. 27
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| Settlement date: | Nov. 30
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.125%
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| Cusip: | 40057WUQ8
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