Published on 4/22/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.31 million autocallable index-linked notes on three indexes
By Kiku Steinfeld
Chicago, April 22 – GS Finance Corp. priced $1.31 million of 0% autocallable index-linked notes due Oct. 5, 2026 tied to the Dow Jones industrial average, 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 any annual call observation date, the notes will be called at par plus a 6.65% annual premium.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 33.25%.
If the worst performer finishes at or above 70% of its initial level, the payout will be par.
If any index falls by more than 30%, investors will be fully exposed to any losses of the least-performing index.
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: | Dow Jones industrial average, Nasdaq-100 index, Russell 2000 index
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| Amount: | $1,311,000
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| Maturity: | Oct. 5, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the notes are not called and each index finishes at or above its initial level, par plus 33.25%; if worst performer finishes at or above 70% of initial level, par; if any index falls by more than 30%, investors will be fully exposed to any losses of the least-performing index
|
| Call: | If each index closes at or above initial level on any annual observation date, notes will be called at par plus 6.65% annual premium
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| Initial index levels: | 34,869.37 for Dow, 2,281.003 for Russell and 15,204.83 for Nasdaq
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| Trigger buffer levels: | 70% of initial levels
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| Pricing date: | Sept. 27, 2021
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| Settlement date: | Sept. 30, 2021
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 3.92%
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| Cusip: | 40057JFC5
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