Published on 6/13/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $197,000 autocallable index-linked notes on three indexes
Chicago, June 13 – GS Finance Corp. priced $197,000 of 0% autocallable index-linked notes due Dec. 9, 2024 tied to the S&P 500 index, the Nasdaq-100 index and the Russell 2000 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 call observation date, the notes will be called at par plus a 9.5% annualized call premium.
If the notes are not called early and each index finishes at or above 95% of its initial level, the payout will be par plus the 28.5%.
If the worst performer declines more than 5% but finishes at or above 65% of its initial level, the payout will be par.
If any index falls by more than 35%, 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, Nasdaq-100 index, Russell 2000 index
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| Amount: | $197,000
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| Maturity: | Dec. 9, 2024
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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 95% of its initial level, par plus the 28.5%; if worst performer declines more than 5% but not beyond trigger buffer level, par; otherwise, investors will be exposed to the decline of the worst performing index 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 9.5% annualized call premium, except for maturity date when indexes only need to close above 95% of initial level
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| Initial index levels: | 4,567 for S&P, 16,135.92 for Nasdaq, 2,198.908 for Russell
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| Trigger buffer levels: | 65% of initial levels
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| Pricing date: | Nov. 30, 2021
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| Settlement date: | Dec. 3, 2021
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.59%
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| Cusip: | 40057JX50
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