New Issue: GS Finance sells $767,000 autocallable index-linked notes on S&P, Nasdaq, Russell

By Kiku Steinfeld

Chicago, Nov. 22 – GS Finance Corp. priced $767,000 of 0% autocallable index-linked notes due Aug. 2, 2024 tied to the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index closes at or above its initial level on Aug. 8, 2022, the notes will be called at par plus 10.5%.

If the notes are not called, the payout at maturity will be double any gain of the least performing index.

If the worst performer falls by up to 15% of its initial level, the payout will be par.

Otherwise, investors will lose 1.1765% for each 1% decline of the worst performing index beyond 15%.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Autocallable index-linked notes
Underlying indexes:	S&P 500 index, Nasdaq-100 index, Russell 2000 index
Amount:	$767,000
Maturity:	Aug. 2, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Double any gain of least performing index; if worst performer falls by up to buffer level, par; 1.1765% loss for each 1% decline of worst performer beyond buffer level
Call:	If each index closes at or above its initial level on Aug. 8, 2022, par plus 10.5%
Initial index levels:	4,395.26 for S&P, 14,959.90 for Nasdaq, 2,226.246 for Russell
Buffer levels:	85% of initial levels
Pricing date:	July 30
Settlement date:	Aug. 4
Agent:	Goldman Sachs & Co. LLC
Fees:	0.5%
Cusip:	40057HUL2

© 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.