GS’ US sales down 15% YoY, geared autocalls favoured

GS Finance, the issuer entity of Goldman Sachs (GS), closed the final quarter of 2023 with a strong recovery of its sales volume.  The US bank collected US$3.7 billion from 1,130 SEC-registered structured notes in Q4 23, up 13.5% year-on-year, or an increase of 26.4% compared with Q3 23. The full-year sales volume however reached US$11.4 billion, 14.5% lower than in 2022. The  bank managed to retain  the third position in the US issuer league table for 2023 after J.P. Morgan (US