Published on 2/11/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $300,000 leveraged buffered index-linked notes tied to MidCap 400
Chicago, Feb. 11 – GS Finance Corp. priced $300,000 of 0% leveraged buffered index-linked notes due Feb. 21, 2024 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 125% of the return of the index subject to a maximum return of par plus 19.8%. The payout will be par if the index declines but by no more than the 2% buffer. Investors will lose 1% for every 1% that the index declines beyond the buffer.
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 buffered index-linked notes
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| Underlying index: | S&P MidCap 400 index
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| Amount: | $300,000
|
| Maturity: | Feb. 21, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains par plus 125% of index return subject to a maximum return of par plus 19.8%; par if index declines but by no more than 2% buffer; otherwise, par minus index decline beyond buffer
|
| Initial level: | 2,444.29
|
| Buffer level: | 98% of initial level
|
| Upside leverage: | 125%
|
| Cap: | 19.8%
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| Buffer: | 2%
|
| Downside leverage: | 100%
|
| Pricing date: | May 23, 2023
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| Settlement date: | May 26, 2023
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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0%
|
| Cusip: | 40057RYC6
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