Published on 5/11/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $377,000 autocallable index-linked notes on Stoxx, S&P
By Kiku Steinfeld
Chicago, May 11 – GS Finance Corp. priced $377,000 of 0% autocallable index-linked notes due Oct. 10, 2023 tied to the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on Sept. 30, 2022, the notes will be called at par plus 8.5%.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 17%.
If the worst performer declines but 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 exposed to the decline of the worst performing index from its initial level.
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: | S&P 500 index, Euro Stoxx 50 index
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| Amount: | $377,000
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| Maturity: | Oct. 10, 2023
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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 17%; if worst performer finishes at or above 70% of initial level, par; otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level
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| Call: | If each index closes at or above initial level on Sept. 30, 2022, par plus 8.5%
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| Initial index levels: | 4,307.54 for S&P 4,048.08 for Stoxx
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| Trigger buffer levels: | 70% of initial levels
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| Pricing date: | Sept. 30, 2021
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| Settlement date: | Oct. 5, 2021
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.5%
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| Cusip: | 40057JG75
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