Published on 5/19/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1.55 million autocallable buffered basket-linked notes
By William Gullotti
Buffalo, N.Y., May 19 – GS Finance Corp. priced $1.55 million of autocallable buffered basket-linked notes due Nov. 20, 2023, according to a 424B2 filing with the Securities and Exchange Commission.
The equally-weighted basket consists of the S&P 500 Value index, a common share of AT&T Inc., the Financial Select Sector SPDR Fund and the Technology Select Sector SPDR Fund.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus a 13% call premium if the basket closes at or above its initial level on May 15, 2023.
If the basket return is positive, the payout at maturity will be par plus 1.5 times the basket return.
If the basket finishes flat or declines up to 10%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the basket declines below 10%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable buffered basket-linked notes
|
| Underlying assets: | S&P 500 Value index, AT&T Inc., Financial Select Sector SPDR Fund, Technology Select Sector SPDR Fund; equal weights
|
| Amount: | $1,549,000
|
| Maturity: | Nov. 20, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the basket return is positive, par plus 1.5 times the basket return; if the basket finishes flat or declines up to 10%, par; otherwise, lose 1% for every 1% that the basket declines below buffer
|
| Call: | Automatically at par plus a 13% call premium if the basket closes at or above its initial level on May 15, 2023
|
| Initial levels: | 1,441.81 for S&P Value, $19.84 for AT&T, $33.53 for Financial, $135.86 for Technology
|
| Buffer level: | 90% of initial level
|
| Pricing date: | May 13
|
| Settlement date: | May 18
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.6%
|
| Cusip: | 40057LYU9
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
