Published on 12/11/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $330,000 autocallable index-linked notes on three indexes
Chicago, Dec. 11 – GS Finance Corp. priced $330,000 of 0% autocallable index-linked notes due May 11, 2026 tied to the Nasdaq-100 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on either annual call observation date, the notes will be called at par plus an 8.7% call premium.
If the worst performer finishes at or above 70% of its initial level, the payout will be par plus 26.1%.
Otherwise, investors will be exposed to the decline of the worst performing index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
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 indexes: | Nasdaq-100 index, S&P 500 index and Russell 2000 index
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Amount: | $330,000
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Maturity: | May 11, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performer finishes at or above 70% of initial level, par plus 26.1%; otherwise, investors will be exposed to the decline of the worst performing index from its initial level
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Call: | If each index closes at or above initial level on May 27, 2026, the notes will be called at par plus an 8.7% call premium
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Initial index levels: | 13,030.21 for Nasdaq, 4,090.75 for S&P, 1,739.284 for Russell
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Trigger buffer levels: | 70% of initial levels
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Pricing date: | May 3, 2023
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Settlement date: | May 8, 2023
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3%
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Cusip: | 40057RPZ5
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