By Emma Trincal
New York, Jan. 31 – GS Finance Corp. priced $5.23 million of lookback buffered Performance Leveraged Upside Securities due July 31, 2026, linked to an unequally weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 52% weighting, the Topix index with a 20% weighting, the Euro Stoxx 50 index with a 10% weighting, the MSCI Emerging Markets index with a 10% weighting and the Russell 2000 index with an 8% weighting.
The initial basket level will be equal to the lowest closing level of the basket on any scheduled index business day during the approximately one-month period from and including the pricing date to and including Feb. 26, 2024.
The payout at maturity will be par plus double the basket gain with a maximum payout of par plus 29%.
Investors will receive par if the basket finishes flat or falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is acting as dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Lookback buffered PLUS
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| Underlying basket: | S&P 500 index (52% weight), Topix index (20% weight), Euro Stoxx 50 index (10% weight), MSCI Emerging Markets index (10% weight) and Russell 2000 index (8% weight)
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| Amount: | $5,225,000
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| Maturity: | July 31, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the basket return is positive, par plus two times the return, capped at par plus 29%; if basket declines by no more than 10%, par; otherwise, 1% loss for every 1% of basket decline beyond 10%
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| Initial level: | Lowest closing level of the basket on any scheduled index business day during the approximately one-month period from and including the pricing date to and including Feb. 26, 2024.
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| Buffer: | 10%
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| Upside leverage: | 200%
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| Cap: | 29%
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 31
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| Agent: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 1%
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| Cusip: | 40057XZ65
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