Published on 5/27/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $799,000 autocallable index-linked notes on Russell, Stoxx
Chicago, March 27 – GS Finance Corp. priced $799,000 of 0% autocallable index-linked notes due Nov. 17, 2026 tied to the Euro Stoxx 50 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 semiannual call observation date starting after one year, the notes will be called at par plus an 8% annualized call premium.
If the notes are not called and each index finishes at or above 85% of its initial level, the payout will be par plus 40%.
If the worst performer finishes between 65% of its initial level and 85% of its initial level, the payout will be par.
Otherwise, 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.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying indexes: | Euro Stoxx 50 index, Russell 2000 index
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| Amount: | $799,000
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| Maturity: | Nov. 17, 2026
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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 85% of its initial level, par plus 40%; par if worst performer finishes between 65% and 85% of initial level; otherwise, 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 semiannual observation date starting after one year, notes will be called at par plus 8% annualized call premium
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| Initial index levels: | 4,352.53 for Stoxx, 2,442.742 for Russell
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| Trigger buffer levels: | 65% of initial levels
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| Pricing date: | Nov. 8, 2021
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| Settlement date: | Nov. 12, 2021
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.1%
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| Cusip: | 40057K2S1
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