Published on 12/4/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $883,000 autocallable index-linked notes tied to Nasdaq, Russell
Chicago, Dec. 4 – GS Finance Corp. priced $883,000 of 0% autocallable index-linked notes due Nov. 3, 2025 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 a semiannual call observation date starting after one year, the notes will be called at par plus a 12.35% 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 150% of the worst performing index return.
If the worst performer declines but finishes at or above 85% of its initial level, the payout will be par.
If any index falls by more than 15%, investors will be exposed to the decline of the worst performing index beyond the 15% buffer.
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 index, Russell 2000 index
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| Amount: | $883,000
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| Maturity: | Nov. 3, 2025
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| Coupon: | 0%
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| 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 1.5 times worst performing index return; if worst performer declines but finishes at or above 85% of initial level, par; otherwise, investors will be exposed to the decline of the worst performing index beyond the 15% buffer
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| Call: | If each index closes at or above its initial level on a semiannual call observation date starting after one year, the notes will be called at par plus a 12.35% annualized call premium
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| Initial index levels: | 11,405.90 for Nasdaq, 1,804.331 for Russell
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| Buffer levels: | 85% of initial levels
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| Pricing date: | Oct. 26, 2022
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| Settlement date: | Oct. 31, 2022
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 3.25%
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| Cusip: | 40057NEN3
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