Published on 2/22/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $587,000 autocallable index-linked notes on three indexes
Chicago, Feb. 22 – GS Finance Corp. priced $587,000 of 0% autocallable index-linked notes due Nov. 9, 2023 tied to the Nasdaq-100 Technology Sector index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on May 2, 2023, the notes will be called at par plus a 16% call premium amount.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 1.5 times the return of the worst performer.
If the worst performer declines but finishes at or above 60% of its initial level, the payout will be par.
If any index falls by more than 40%, 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: | Nasdaq-100 Technology Sector index, Russell 2000 index and S&P 500 index
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| Amount: | $587,000
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| Maturity: | Nov. 9, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.5 times the return of the worst performer if all indexes finish positive; par if worst performer declines but finishes above 60% of initial level; otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level
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| Call: | Automatically at par plus 16% if all indexes finish above initial levels on May 2, 2023
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| Initial index levels: | 4,155.38 for S&P, 1,882.913 for Russell, 7,282.942 for Nasdaq Technology
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| Trigger buffer levels: | 60% of initial levels
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| Pricing date: | May 2, 2022
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| Settlement date: | May 5, 2022
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.5%
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| Cusip: | 40057LWF4
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