Published on 2/24/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.49 million autocallable index-linked notes on Russell, S&P
By William Gullotti
Buffalo, N.Y., Feb. 24 – GS Finance Corp. priced $1.49 million of 0% autocallable index-linked notes due April 30, 2027 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on any semiannual call observation date after one year, the notes will be called at par plus 9% per year.
If the notes are not called and each index finishes at or above its initial level, the payout will be $1,540 per note.
If the worst performer finishes above 75% of its initial level, the payout will be par.
If any index falls by more than 25%, investors will be fully exposed to the losses of the worst 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.
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| Issue: | Autocallable index-linked notes
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| Underlying indexes: | Russell 2000 index, S&P 500 index
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| Amount: | $1,490,000
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| Maturity: | April 30, 2027
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and each index finishes at or above its initial level, $1,540 per note; if worst performer finishes above 75% of initial level, par; if any index falls by more than 25%, full exposure to losses of worst performer
|
| Call: | If each index closes at or above initial level on any semiannual observation date after one year, notes will be called at par plus 9% per year
|
| Initial index levels: | 2,271.856 for Russell, 4,180.17 for S&P
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| Trigger buffer levels: | 75% of initial levels
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| Pricing date: | April 23, 2021
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| Settlement date: | April 30, 2021
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | None
|
| Cusip: | 40057FYR9
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