Published on 3/20/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $508,000 autocallables linked to Goldman Sachs Momentum Builder
By Angela McDaniels
Tacoma, Wash., March 20 – GS Finance Corp. priced $508,000 of 0% autocallable index-linked notes due July 10, 2028 linked to the Goldman Sachs Momentum Builder Focus ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus 12.05% per year if the index closes at or above the call level on any annual call observation date. The call level starts at 100% of the initial index level and increases by 0.5% per year.
If the notes are not called and the index return is positive, the payout at maturity will be par plus the index return. If the index return is zero or negative, the payout will be par.
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 index: | Goldman Sachs Momentum Builder Focus ER index
|
| Amount: | $508,000
|
| Maturity: | July 10, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus index return; if index return is zero or negative, par
|
| Call: | Automatically at par plus 12.05% per year if index closes at or above call level on any annual call observation date
|
| Call level: | 100% of initial index level on July 1, 2024, 100.5% of initial index level on June 30, 2025, 101% of initial index level on June 30, 2026 and 101.5% of initial index level on June 30, 2027
|
| Initial level: | 104.05
|
| Pricing date: | June 30, 2023
|
| Settlement date: | July 6, 2023
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.27%
|
| Cusip: | 40057TCW2
|
|
|
© 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.
