Published on 4/25/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $314,000 autocallable index-linked notes on Russell, Nasdaq
Chicago, April 25 – GS Finance Corp. priced $314,000 of 0% autocallable index-linked notes due Dec. 4, 2023 tied to the Nasdaq-100 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 quarterly call observation date after six months, the notes will be called at par plus an 11.5% annualized call premium.
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 lesser performing index return.
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 fully exposed to the decline of the worst performing index.
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, Russell 2000 index
|
| Amount: | $314,000
|
| Maturity: | Dec. 4, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and each index finishes at or above its initial level, par plus 1.5 times the lesser performing index return; if worst performer finishes above 70% of initial level, par; otherwise, investors will be fully exposed to the decline of the worst performing index
|
| Call: | If each index closes at or above initial level on any quarterly observation date after six months, notes will be called at par plus an 11.5% annualized call premium
|
| Initial index levels: | 11,943.93 for Nasdaq, 1,799.164 for Russell
|
| Trigger buffer levels: | 70% of initial levels
|
| Pricing date: | May 25, 2022
|
| Settlement date: | May 31, 2022
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.1%
|
| Cusip: | 40057LV40
|
|
|
© 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.
