Published on 5/11/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $810,000 autocallable underlier-linked notes on index, ETF
By Kiku Steinfeld
Chicago, May 11 – GS Finance Corp. priced $810,000 of 0% autocallable underlier-linked notes due Oct. 7, 2024 linked to the Nasdaq-100 index and the SPDR S&P 500 ETF Trust, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus a 9.75% annualized call premium if the lesser-performing underlier closes at or above its initial level on Sept. 30, 2022 or Oct. 2, 2023.
If the lesser-performing underlier finishes above its initial level, the payout at maturity will be par.
If the worst performer falls by up to 15%, the payout will be par. Otherwise, investors will be exposed to the worst performer’s decline from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Autocallable underlier-linked notes
|
Underlying assets: | Nasdaq-100 index, SPDR S&P 500 ETF Trust
|
Amount: | $810,000
|
Maturity: | Oct. 7, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the lesser-performing asset finishes above initial level, par; if the worst performer declines by up to 15%, par; otherwise, investors will be fully exposed to the worst performer’s decline from its initial level
|
Call: | Automatically at par plus a 9.75% annualized call premium if lesser-performing underlier closes at or above initial level on Sept. 30, 2022 or Oct. 2, 2023
|
Initial levels: | 14,689.62 for index, $429.14 for fund
|
Trigger buffer levels: | 85% of initial levels
|
Pricing date: | Sept. 30, 2021
|
Settlement date: | Oct. 5, 2021
|
Underwriter: | Goldman Sachs & Co. LLC
|
Fees: | 3.2%
|
Cusip: | 40057JM52
|
|
|
© 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.