Published on 5/27/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.17 million autocallable index-linked notes on Dow, S&P
By Wendy Van Sickle
Columbus, Ohio, May 27 – GS Finance Corp. priced $2.17 million of 0% autocallable index-linked notes due May 23, 2025 tied to the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on the May 22, 2023 call observation date, the notes will be called at $1,120 per $1,000 note.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 1.5 times the gain of the least performer.
If the worst performer finishes above 70% of its initial level, the payout will be par.
If either index falls by more than 30%, investors will be fully exposed to the loss.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | Dow Jones industrial average, S&P 500 index
|
| Amount: | $2,165,000
|
| Maturity: | May 23, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | If each index closes at or above initial levels on May 22, 2023, notes will be called at $1,120 for each $1,000 note
|
| Payout at maturity: | If the notes are not called and each index finishes at or above its initial level, par plus 1.5 times gain of the worst performer; if worst performer finishes above 70% of initial level, par; if either index falls by more than 30%, full exposure to loss
|
| Initial index levels: | 31,261.9 for Dow, 3,901.36 for S&P
|
| Buffer levels: | 70% of initial levels
|
| Pricing date: | May 20
|
| Settlement date: | May 25
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2%
|
| Cusip: | 40057LWN7
|
|
|
© 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.
