Published on 1/28/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $554,000 autocallable index-linked notes on indexes
By Kiku Steinfeld
Chicago, Jan. 28 – GS Finance Corp. priced $554,000 of 0% autocallable index-linked notes due Sept. 2, 2026 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 any annual observation date, the notes will be called at par plus a 6.5% yearly call premium.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 32.5%
If the worst performer declines but finishes at or above 70% of its initial level, the payout will be par.
If any index falls by more than 30%, investors will be exposed to the decline of the worst performing index from its initial level.
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.
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| Issue: | Autocallable index-linked notes
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| Underlying indexes: | S&P 500 index, Nasdaq-100 index, Russell 2000 index
|
| Amount: | $554,000
|
| Maturity: | Sept. 2, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and each index finishes at or above its initial level, par plus 32.5%; if worst performer declines but finishes at or above 70% of initial level, par; if any index falls by more than 30%, investors will be exposed to the decline of the worst performing index from its initial level
|
| Call: | If each index closes at or above initial level on any annual observation date, notes will be called at par plus 6.5% yearly
|
| Initial index levels: | 4,470.00 for Russell, 2,213.979 for S&P, 15,278.52 for Nasdaq
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| Trigger buffer levels: | 70% of initial levels
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| Pricing date: | Aug. 26
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| Settlement date: | Aug. 31
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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.78%
|
| Cusip: | 40057HZM5
|
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