Published on 12/14/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $3.68 million leveraged basket-linked notes
By William Gullotti
Buffalo, N.Y., Dec. 14 – GS Finance Corp. priced $3.68 million of 0% leveraged notes due June 10, 2025 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 index with a 50% weight, the Euro Stoxx 50 index with a 18% weight, the Topix index with a 13% weight, the FTSE 100 index with an 8.5% weight, the Swiss Market index with a 6% weight and the S&P/ASX 200 index with an 4.5% weight.
The payout at maturity will be par plus 1.386 times the basket gain.
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.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Leveraged basket-linked notes
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Underlying indexes: | S&P 500 index (50%), Euro Stoxx 50 index (18%), Topix index (13%), FTSE 100 index (8.5%), Swiss Market index (6%), S&P/ASX 200 index (4.5%)
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Amount: | $3,675,000
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Maturity: | June 10, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus 1.386 times basket gain; otherwise, 1% loss for every 1% of basket decline from initial level
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Initial levels: | 4,549.34 for S&P, 4,483.26 for Stoxx, 2,387.2 for Topix, 7,515.38 for FTSE, 11,001.62 for Swiss, 7,178.355 for S&P/ASX
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Pricing date: | Dec. 6
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Settlement date: | Dec. 13
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.13%
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Cusip: | 40057XFJ9
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