Published on 3/16/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $3.79 million autocallable index-linked notes on Russell, S&P
Chicago, March 16 – GS Finance Corp. priced $3.79 million of 0% autocallable index-linked notes due March 17, 2025 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 95% of its initial level on March 11, 2024, the notes will be called at par plus a 15% call premium.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 200% of the return of the worst performer.
If the worst performer declines but finishes at or above 80% of its initial level, the payout will be par.
If any index falls by more than 20%, 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.
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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: | $3,793,000
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| Maturity: | March 17, 2025
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| Coupon: | 0%
|
| 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 200% of the return of the worst performer; if worst performer declines but finishes at or above 80% of initial level, par; otherwise, investors will be exposed to the decline of the worst performing index from initial level
|
| Call: | If each index closes at or above 95% of initial level on March 11, 2024, par plus a 15% call premium
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| Initial index levels: | 3,861.59 for S&P, 1,772.702 for Russell
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| Barrier levels: | 80% of initial levels
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| Pricing date: | March 10
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| Settlement date: | March 15
|
| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.8%
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| Cusip: | 40057PT93
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