Published on 4/22/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $974,000 autocallable index-linked notes on Nasdaq, Russell
By Kiku Steinfeld
Chicago, April 22 – GS Finance Corp. priced $974,000 of 0% autocallable index-linked notes due April 3, 2023 tied to the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus an annual 6.5% call premium if each index closes at or above its index level on any quarterly call observation dates starting March 28, 2022.
If the notes are not called and each index closes at or above its initial level, the payout at maturity will be par plus 1.5 times the return of the least-performing index.
If any index falls by up to 30%, the payout at maturity will be par.
If any index falls by more than 30%, investors will be exposed to any losses of the least-performing index.
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: | Autocallable index-linked notes
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| Underlying indexes: | Nasdaq-100, Russell 2000
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| Amount: | $974,000
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| Maturity: | April 3, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes above initial level, par plus 1.5 times the return of the least-performing index; if any index falls by up to 30%, par; if any index falls by more than 30%, par plus return of least-performing index, with full exposure to losses
|
| Call: | At par plus annual 6.5% premium if each index closes at or above initial level on quarterly call date starting March 28, 2022
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| Initial index levels: | 15,204.83 for Nasdaq and 2,281.003 for Russell
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| Trigger buffer levels: | 70% of initial levels
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| Pricing date: | Sept. 27, 2021
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| Settlement date: | Sept. 30, 2021
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 2.17%
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| Cusip: | 40057JFA9
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