Published on 2/22/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.68 million autocallable index-linked notes on Dow, Nasdaq
Chicago, Feb. 22 – GS Finance Corp. priced $1.68 million of 0% autocallable index-linked notes due May 9, 2024 tied to the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on May 2, 2023, the notes will be called at par plus a 14% call premium.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus the return of the laggard index.
If the worst performer declines but finishes at or above 80% of its initial level, the payout will be par.
If any index falls by more than 20%, investors will be exposed to the decline of the worst performing index beyond the 20% buffer.
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: | Nasdaq-100 index, Dow Jones industrial average
|
| Amount: | $1,675,000
|
| Maturity: | May 9, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and each index finishes at or above its initial level, par plus the return of the laggard index; if worst performer finishes above 80% of initial level, par; otherwise, investors will be exposed to the decline of the worst performing index beyond the 20% buffer
|
| Call: | If each index closes at or above initial level on May 2, 2023, notes will be called at par plus a 14% call premium
|
| Initial index levels: | 13,075.85 for Nasdaq, 33,061.50 for Dow
|
| Buffer levels: | 80% of initial levels
|
| Pricing date: | May 2, 2022
|
| Settlement date: | May 5, 2022
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.52%
|
| Cusip: | 40057LUK5
|
|
|
|
|
© 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.
