E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 12/28/2023 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $2.7 million autocallable index-linked notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Dec. 28 – GS Finance Corp. priced $2.7 million of 0% autocallable index-linked notes due Dec. 29, 2026 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a 13% call premium if the index closes at or above its initial level on Dec. 22, 2025.

If the notes are not called, the payout at maturity will be par plus the index return if the index gains. Otherwise, the payout will be par.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Autocallable index-linked notes
Underlying index:S&P 500 index
Amount:$2,698,000
Maturity:Dec. 29, 2026
Coupon:0%
Price:Par
Payout at maturity:If the index finishes at or above its initial level, par plus index return; par otherwise
Call:At par plus 13% call premium if index closes at or above initial level on Dec. 22, 2025
Initial level:4,698.35
Pricing date:Dec. 20
Settlement date:Dec. 26
Underwriter:Goldman Sachs & Co. LLC
Fees:2.25%
Cusip:40057XCF0

© 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.