New Issue: GS Finance sells $1.08 million autocallable index-linked notes on S&P 500

Chicago, March 22 – GS Finance Corp. priced $1.08 million of 0% autocallable index-linked notes due Feb. 1, 2023 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 $1,083 per $1,000 of notes if the index closes at or above its initial level on Feb. 11, 2022.

If the notes are not called, the payout at maturity will be par plus the index return if the index finishes at or above its initial level.

If the index return is negative but not less than negative 15%, the payout will be par; otherwise, investors will lose 1.1765% for each 1% decline beyond the 15% buffer.

Goldman Sachs & Co. LLC is the underwriter. JPMorgan is acting as placement agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Autocallable index-linked notes
Underlying index:	S&P 500
Amount:	$1,080,000
Maturity:	Feb. 1, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes at or above its initial level, par plus the index return; if the index return is negative but not less than negative 15%, par; otherwise, 1.1765% for each 1% decline beyond 15% buffer
Call:	At $1,083 per $1,000 of notes if index closes at or above initial level on Feb. 11, 2022
Initial level:	3,714.24
Barrier level:	85% of initial level
Pricing date:	Jan. 29
Settlement date:	Feb. 3
Underwriter:	Goldman Sachs & Co. LLC
Placement agent:	JPMorgan
Fees:	1.65%
Cusip:	40057FAT1

© 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.