Published on 2/6/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $732,000 autocallables linked to S&P, Nasdaq, Russell
By Angela McDaniels
Tacoma, Wash., Feb. 6 – GS Finance Corp. priced $732,000 of 0% autocallable index-linked notes due May 5, 2026 linked to the S&P 500 index, the Nasdaq-100 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 April 29, 2024, the notes will be automatically called at par plus 13%.
If the final level of each index is greater than its initial level, the payout at maturity will be par plus 1.5 times the least performing index’s return.
If the final level of any index is less than or equal to its initial level but the final level of each index is greater than or equal to 66.5% of its initial level, the payout will be par plus the absolute value of the least performing index’s return.
If the final level of any index is less than 66.5% of its initial level, investors will be exposed to the decline of the least performing index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| 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: | S&P 500 index, Nasdaq-100 index and Russell 2000 index
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| Amount: | $732,000
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| Maturity: | May 5, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final level of each index is greater than initial level, par plus 1.5 times least performing index’s return; if final level of any index is less than or equal to initial level but final level of each index is greater than or equal to 66.5% of initial level, par plus absolute value of least performing index’s return; otherwise, exposure to decline of least performing index from initial level
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| Call: | Automatically at par plus 13% if each index closes at or above initial level on April 29, 2024
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| Initial levels: | 4,169.48 for S&P, 13,245.99 for Nasdaq and 1,768.987 for Russell
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| Barrier levels: | 66.5% of initial level
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| Pricing date: | April 28, 2023
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| Settlement date: | May 3, 2023
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.94%
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| Cusip: | 40057RLR7
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