Published on 12/9/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $625,000 autocallable basket-linked notes on indexes
Chicago, Dec. 11 – GS Finance Corp. priced $625,000 of 0% autocallable basket-linked notes due Nov. 4, 2025 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The equally-weighted basket consists of the Nasdaq-100 index, the Dow Jones industrial average and the S&P 500 index.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus 11.2% if the basket closes at or above its initial level on Oct. 30, 2023.
If the final basket return is positive or flat, the payout at maturity will be par plus the basket return
Otherwise, investors will receive 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 basket-linked notes
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| Underlying indexes: | Nasdaq-100 index, Dow Jones industrial average and S&P 500 index; equal weights
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| Amount: | $625,000
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| Maturity: | Nov. 4, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final basket level is greater than or equal to initial level, par plus basket return; otherwise, par
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| Call: | Par plus 11.2% if basket closes at or above initial level on Oct. 30, 2023
|
| Initial levels: | 11,546.21 for Nasdaq, 32,861.80 for Dow, 3,901.06 for S&P
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| Pricing date: | Oct. 28, 2022
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| Settlement date: | Nov. 2, 2022
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.6%
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| Cusip: | 40057NRC3
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