By Angela McDaniels
Tacoma, Wash., Nov. 16 – GS Finance Corp. priced $731,000 of 0% autocallable index-linked notes due Nov. 7, 2024 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If both indexes close at or above their initial levels on Oct. 31, 2023, the notes will be automatically called at par plus 18%.
If the notes are not called and the final level of each index is greater than its initial level, the payout at maturity will be par plus 1.25 times the lesser performing index’s return.
If the final level of either index is less than or equal to its initial level but the final level of each index is greater than or equal to 85% of its initial level, the payout will be par.
If the final level of either index is less than 85% of its initial level, investors will lose 1% for every 1% that the lesser performing index declines beyond 15%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | Russell 2000 index and S&P 500 index
|
| Amount: | $731,000
|
| Maturity: | Nov. 7, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final level of each index is greater than initial level, par plus 1.25 times lesser performing index’s return; if final level of either index is less than or equal to initial level but final level of each index is greater than or equal to 85% of its initial level, par; otherwise, 1% loss for every 1% that lesser performing index declines beyond 15%
|
| Call: | Automatically at par plus 18% if both indexes close at or above their initial levels on Oct. 31, 2023
|
| Initial levels: | 1,846.863 for Russell and 3,871.98 for S&P
|
| Buffer levels: | 85% of initial levels
|
| Pricing date: | Oct. 31, 2022
|
| Settlement date: | Nov. 3, 2022
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.69%
|
| Cusip: | 40057NEQ6
|
|
|
© 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.
