Published on 2/8/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.86 million market-linked notes with principal return on index, ETF
By William Gullotti
Buffalo, N.Y., Feb. 8 – GS Finance Corp. priced $1.86 million of 0% market-linked securities – upside participation to a cap and principal return at maturity due July 16, 2026 linked to the performance of the Invesco S&P 500 Equal Weight ETF and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performer finishes at or above its initial level, the payout at maturity will be par plus the return of that underlier, subject to a maximum payout of par plus 19.75%.
Otherwise, investors will receive par
The securities are guaranteed by Goldman Sachs Group, Inc.
Wells Fargo Securities LLC and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Market-linked securities – upside participation to a cap and principal return at maturity
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| Underlying assets: | Invesco S&P 500 Equal Weight ETF, Russell 2000 index
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| Amount: | $1.86 million
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| Maturity: | July 16, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the worst performer finishes at or above initial level, par plus that underlier’s return, capped at par plus 19.75%; otherwise, par
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| Initial levels: | $156.40 for ETF, 1,955.456 for index
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| Pricing date: | Jan. 11
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| Settlement date: | Jan. 17
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| Agent: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
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| Fees: | 3.075%
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| Cusip: | 40057XUN3
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