Published on 11/3/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $183,000 autocallable index-linked notes on three indexes
By Kiku Steinfeld
Chicago, Nov. 3 – GS Finance Corp. priced $183,000 of 0% autocallable index-linked notes due March 2, 2027 tied to the S&P 500 index, 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 annual call observation date, the notes will be called at par plus an annual 11.6% premium.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 58%.
If the worst performer finishes above 65% of its initial level, the payout will be par.
If any 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: | S&P 500 index, Euro Stoxx 50 index, Russell 2000 index
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| Amount: | $183,000
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| Maturity: | March 2, 2027
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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 58%; if worst performer finishes above trigger buffer level, par; if any index falls by more than trigger buffer, investors will be fully exposed to any losses of the least-performing index from its initial level
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| Call: | If each index closes at or above initial level on any annual observation date, notes will be called at par plus an annual premium of 11.6%
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| Initial index levels: | 3,973.41 for Stoxx, 1,944.092 for Russell, 4,225.50 for S&P
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| Trigger buffer levels: | 65% of initial levels
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| Pricing date: | Feb. 23
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| Settlement date: | Feb. 28
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 3.3%
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| Cusip: | 40057KY80
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