Published on 5/26/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $8.76 million autocallable index-linked notes on S&P 500
By William Gullotti
Buffalo, N.Y., May 26 – GS Finance Corp. priced $8.76 million of 0% autocallable index-linked notes due May 27, 2027 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 an 8% call premium if the index closes at or above its initial level on May 22, 2023.
If the notes are not called, the payout at maturity will be par plus the index return, subject to a floor of par.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Autocallable index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $8,762,000
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Maturity: | May 27, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes at or above its initial level, par plus the index return; otherwise, par
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Call: | At par plus an 8% call premium if index closes at or above initial level on May 22, 2023
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Initial level: | 3,901.36
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Pricing date: | May 20
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Settlement date: | May 25
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.64%
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Cusip: | 40057M2P3
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