Published on 4/26/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.81 million autocallable index-linked notes on Russell, Dow
By Kiku Steinfeld
Chicago, April 26 – GS Finance Corp. priced $1.81 million of 0% autocallable index-linked notes due Oct. 7, 2024 tied to the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an 11.85% premium if both indexes close at or above their initial index levels on Oct. 5, 2022.
At maturity, if the return of both indexes is greater than or equal to their initial levels, the payout will be par plus 1.5 times the return of the lesser performer.
Otherwise, investors will be exposed to any losses of the lesser 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: | Russell 2000, Dow Jones industrial average
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Amount: | $1.81 million
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Maturity: | Oct. 7, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If both indexes gain, par plus 1.5 times the return of the lesser performer; otherwise, exposure to any losses of the lesser performing index
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Call: | At par plus 11.85% if both indexes close at or above their initial index levels on Oct. 5, 2022
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Initial levels: | 34,299.99 for Dow and 2,229.778 for Russell
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Pricing date: | Sept. 28, 2021
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Settlement date: | Sept. 30, 2021
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.75%
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Cusip: | 40057JNC6
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