Published on 6/13/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.39 million autocallable index-linked notes on Russell, S&P
Chicago, June 13 – GS Finance Corp. priced $1.39 million of 0% autocallable index-linked notes due Dec. 7, 2023 tied to the S&P 500 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 Nov. 30, 2022, the notes will be called at par plus 9.5%.
If the notes are not called and each index finishes above its initial level, the payout will be 1.25 times the gain of the least performing index.
If the worst performer declines but finishes at or above 85% of its initial level, the payout will be par.
Otherwise, investors will be exposed to the decline of the worst performing index beyond 15%.
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: | S&P 500 index, Russell 2000 index
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| Amount: | $1,385,000
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| Maturity: | Dec. 7, 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 gains, par plus 1.25 times the gain of the least performing index; if worst performer finishes at or above 85% of initial level, par; otherwise, investors will lose 1% for every 1% decline of the worst performer beyond buffer
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| Call: | If each index closes at or above initial level on Nov. 30, 2022, par plus 9.5%
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| Initial index levels: | 4,567 for S&P, 2,198.908 for Russell
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| Buffer levels: | 85% of initial levels
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| Pricing date: | Nov. 30, 2021
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| Settlement date: | Dec. 3, 2021
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.5%
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| Cusip: | 40057JX76
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