Published on 6/13/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.25 million autocallable index-linked notes on Dow, Russell, Nasdaq
Chicago, June 13 – GS Finance Corp. priced $1.25 million of 0% autocallable index-linked notes due Dec. 9, 2024 tied to the Nasdaq-100 index, the Dow Jones industrial average 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 Nov. 30, 2022, the notes will be called at par plus 12%.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus the 1.5 times the return of the worst performer.
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.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | Nasdaq-100 index, Dow Jones industrial average and Russell 2000 index
|
| Amount: | $1,251,000
|
| Maturity: | Dec. 9, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times return of worst performer; if all indexes finish at or above initial levels; par if worst performer declines but finishes above 70% of initial level; otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level
|
| Call: | Automatically at par plus 12% if all indexes finish above initial levels on Nov. 30, 2022
|
| Initial index levels: | 16,135.92 for Nasdaq, 34,483.72 for Dow, 2,198.908 for Russell
|
| Trigger buffer levels: | 70% of initial levels
|
| Pricing date: | Nov. 30, 2021
|
| Settlement date: | Dec. 3, 2021
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 40057KAA1
|
|
|
© 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.
