Published on 4/30/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.14 million index-linked notes on S&P 500
Chicago, April 30 – GS Finance Corp. priced $1.14 million of 0% index-linked notes due July 30, 2026 based on the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus any index gain, capped at par plus 17.8%.
Otherwise, investors will receive par.
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: | Index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $1,144,000
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Maturity: | July 30, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at par plus 17.8%; otherwise, par
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Initial index level: | 4,890.97
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Pricing date: | Jan. 26
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Settlement date: | Jan. 31
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 2.05%
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Cusip: | 40057XQN8
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