Published on 4/26/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.21 million autocallable index-linked notes on S&P 500
By Kiku Steinfeld
Chicago, April 26 – GS Finance Corp. priced $2.21 million of 0% autocallable index-linked notes due Aug. 4, 2026 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus a 12% call premium if the index closes at or above its initial level on July 28, 2025.
If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus the index gain.
Otherwise, investors will receive par.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Autocallable index-linked notes
|
Underlying index: | S&P 500 index
|
Amount: | $2,209,000
|
Maturity: | Aug. 4, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index finishes at or above its initial level, par plus the index gain; otherwise, par
|
Call: | At par plus 12% call premium if index closes at or above initial level on July 28, 2025
|
Initial level: | 4,582.23
|
Pricing date: | July 28, 2023
|
Settlement date: | Aug. 2, 2023
|
Underwriter: | Goldman Sachs & Co. LLC
|
Fees: | 2.25%
|
Cusip: | 40057TEY6
|
|
© 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.