Published on 5/19/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $106,000 autocallable index-linked notes on Stoxx, S&P
Chicago, May 19 – GS Finance Corp. priced $106,000 of 0% autocallable index-linked notes due Nov. 2, 2026 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 any annual observation date starting, the notes will be called at par plus a 7.5% annualized call premium.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 37.5%.
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: | $106,000
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| Maturity: | Nov. 2, 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 37.5%; if worst performer finishes above barrier 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 any annual observation date, notes will be called at par plus a 7.5% annualized call premium
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| Initial index levels: | 4,223.97 for S&P, 4,574.79 for Stoxx
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| Trigger buffer levels: | 70% of initial levels
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| Pricing date: | Oct. 26, 2021
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| Settlement date: | Oct. 29, 2021
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.6%
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| Cusip: | 40057JQJ8
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