Published on 5/19/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $186,000 autocallable index-linked notes on Russell, Nasdaq
Chicago, May 19 – GS Finance Corp. priced $186,000 of 0% autocallable index-linked notes due May 3, 2023 tied to the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on any of the quarterly call observation dates, the notes will be called at par plus an annual premium of 7%.
If the notes are not called and each index finishes at or above its initial level, the payout at maturity will be par plus 1.5 times the lesser performing index return.
If the worst performer declines but finishes at or above 70% of its initial level, the payout will be par.
If either index falls by more than 30%, investors will be exposed to any losses of the lesser-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.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying indexes: | Russell 2000 index, Nasdaq-100 index
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| Amount: | $186,000
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| Maturity: | May 3, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the notes are not called and each index finishes at or above its initial level, par plus 1.5 times return of worst performer; if worst performer declines but finishes at or above barrier level, par; if any index falls by more than barrier level, investors will be fully exposed to any losses of the lesser-performing index
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| Call: | If each index closes at or above initial level on any quarterly call observation date, automatically at par plus 7% annualized rate
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| Initial index levels: | 2,296.075 for Russell, 15,559.49 for Nasdaq
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| Barrier levels: | 70% of initial levels
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| Pricing date: | Oct. 26, 2021
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| Settlement date: | Oct. 29, 2021
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 2.01%
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| Cusip: | 40057JNP7
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