Published on 2/1/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $5.51 million lookback PLUS linked to S&P 500
By William Gullotti
Buffalo, N.Y., Feb. 1 – GS Finance Corp. priced $5.51 million of 0% lookback Performance Leveraged Upside Securities due Aug. 5, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any index gain, subject to a maximum payout of par plus 16%.
Investors will be exposed to any index decline.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent with Morgan Stanley Wealth Management acting as dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor | Goldman Sachs Group, Inc.
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| Issue: | Lookback Performance Leveraged Upside Securities
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| Underlying index: | S&P 500 index
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| Amount: | $5,507,000
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| Maturity: | Aug. 5, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at par plus 16%; full exposure to losses
|
| Initial level: | Lowest closing level of the index on any trading day during the six-week period ending Feb. 19; initial level may not exceed pricing date closing level, 4,739.21
|
| Pricing date: | Jan. 17
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| Settlement date: | Jan. 22
|
| Agent: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 40057XNQ4
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