Published on 2/14/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $25.69 million Buffered PLUS linked to S&P 500
New York, Feb. 14 – GS Finance Corp. priced $25.69 million of 0% Buffered PLUS due Aug. 5, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the index is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of par plus 24.6%.
Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered PLUS
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| Underlying index: | S&P 500 index
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| Amount: | $25,688,000
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| Maturity: | Aug. 5, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 200% of index return, subject to a maximum return of par plus 24.6%; par if index declines by 10% or less; otherwise, 1% loss for every 1% that index declines beyond 10%
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| Initial level: | 4,845.65
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| Buffer: | 10%
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| Upside leverage: | 200%
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| Cap: | 24.6%
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| Pricing date: | Jan. 31
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| Settlement date: | Feb. 5
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| Agent: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 3.00%
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| Cusip: | 40057XWP6
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