Published on 4/30/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $4.4 million index-linked notes on S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, April 30 – GS Finance Corp. priced $4.4 million of 0% index-linked notes due May 30, 2025 linked to the lesser performing of the Russell 2000 index and 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.
If the lesser performing index finishes at or above 64% of its initial level, the payout at maturity will be par plus 7.4%.
Otherwise, investors will have a 1% loss for each 1% decline of the worst performer.
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 indexes: | S&P 500 index, Russell 2000 index
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Amount: | $4,403,000
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Maturity: | May 30, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 7.4% if both indexes finish at or above 64% of initial level; otherwise, 1% loss for each 1% decline from initial level of worst performer
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Initial index levels: | 5,071.63 for S&P, 1,995.426 for Russell
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Pricing date: | April 24
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Settlement date: | April 29
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.43%
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Cusip: | 40058A3W2
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