Published on 5/16/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.41 million autocallable index-linked notes on S&P 500
Chicago, May 16 – GS Finance Corp. priced $1.41 million of 0% autocallable index-linked notes due Oct. 12, 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 par plus a 9.4% call premium if the index closes at or above its initial level on Oct. 21, 2022.
If the notes are not called, the payout at maturity will be par plus the return of the index if the index finishes at or above its initial level.
If the index declines by up to 15% the payout will be par; otherwise, investors will be fully exposed to the decline of the index.
Goldman Sachs & Co. LLC is the underwriter. JPMorgan is the placement 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 index: | S&P 500 index
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Amount: | $1,410,000
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Maturity: | Oct. 12, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes at or above its initial level, par plus the return of the index; if the index declines but not beyond barrier level, par; otherwise, full exposure to the decline of the index
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Call: | At par plus 9.4% call premium if index closes at or above initial level on Oct. 21, 2022
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Initial level: | 4,391.34
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Barrier level: | 85% of initial level
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Pricing date: | Oct. 8, 2021
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Settlement date: | Oct. 14, 2021
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Underwriter: | Goldman Sachs & Co. LLC
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Placement agent: | JPMorgan
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Fees: | 1.5%
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Cusip: | 40057JSF4
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