Published on 4/26/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $891,000 contingent coupon index-linked notes on three indexes
Chicago, April 26 – GS Finance Corp. priced $891,000 of autocallable contingent coupon index-linked notes due June 4, 2029 tied to the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent monthly coupon at an annual rate of 4.8% if each index closes at or above the coupon trigger level, 80% of the initial level, on the valuation date for that period.
The payout at maturity will be par plus any coupon due.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon index-linked notes
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| Underlying indexes: | S&P 500 index, Russell 2000 index, Nasdaq-100 index
|
| Amount: | $891,000
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| Maturity: | June 4, 2029
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| Coupon: | 4.8% annualized rate, payable monthly if each index closes at or above coupon trigger level on valuation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par plus any coupon due
|
| Initial index levels: | 3,978.73 for S&P, 1,799.164 for Russell, 11,943.93 for Nasdaq
|
| Coupon trigger levels: | 80% of initial levels
|
| Pricing date: | May 25, 2022
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| Settlement date: | May 31, 2022
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4%
|
| Cusip: | 40057LXX4
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