Published on 9/18/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $846,000 autocallable index-linked notes tied to S&P, Russell
Chicago, Sept. 18 – GS Finance Corp. priced $846,000 of 0% autocallable index-linked notes due Sept. 9, 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 its initial level on either annual call observation date, the notes will be called at par plus a 12.25% annual call premium.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 36.75%.
If the worst performer declines but finishes at or above 65% of its initial level, the payout will be par.
If any index falls by more than 35%, 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.
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| 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: | $846,000
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| Maturity: | Sept. 9, 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 36.75% maturity date premium; if worst performer declines but finishes at or above 65% of initial level, par; otherwise, investors will be fully exposed to the decline of the worst performing index
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| Call: | If each index closes at or above initial level on either annual call observation date, notes will be called at par plus a 12.25% annual call premium
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| Initial index levels: | 3,955 for S&P, 1,844.115 for Russell
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| Trigger buffer levels: | 65% of initial levels
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| Pricing date: | Aug. 31, 2022
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| Settlement date: | Sept. 6, 2022
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.5%
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| Cusip: | 40057MRP6
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