Published on 10/2/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $293,000 autocallable index-linked notes on Russell Value, S&P
Chicago, Oct. 2 – GS Finance Corp. priced $293,000 of 0% autocallable index-linked notes due Oct. 4, 2027 tied to the S&P 500 index and the Russell 2000 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on any annual call observation date, the notes will be called at par plus a 10% call premium.
If the notes are not called and each index finishes above its initial level, the payout will be par plus 50%.
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 losses of the worse performer.
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: | S&P 500 index, Russell 2000 Value index
|
| Amount: | $293,000
|
| Maturity: | Oct. 4, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and each index finishes above its initial level, par plus 50% maturity date premium; if worst performer declines but finishes at or above 70% of initial level, par; otherwise, investors will be fully exposed to the decline of the worse performing index
|
| Call: | If each index closes at or above initial level on any annual call observation date, par plus 10% call premium
|
| Initial index levels: | 3,647.29 for S&P, 1,946.023 for Russell Value
|
| Trigger buffer levels: | 70% of initial levels
|
| Pricing date: | Sept. 27, 2022
|
| Settlement date: | Sept. 30, 2022
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.375%
|
| Cusip: | 40057MYJ2
|
|
|
© 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.
