Published on 6/30/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $190,000 autocallable index-linked notes on S&P Value
By Kiku Steinfeld
Chicago, June 30 – GS Finance Corp. priced $190,000 of 0% autocallable index-linked notes due Dec. 28, 2023 tied to the S&P 500 Value 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 $1,090 per $1,000 of notes if the index closes at or above its initial level on Dec. 30, 2022.
If the notes are not called, the payout at maturity will be par plus 1.5 times the index return if the index finishes at or above its initial level.
If the index return is negative but not below negative 20% of the initial level the return will be par; otherwise, investors will be exposed to the losses of the index.
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 index: | S&P 500 Value
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Amount: | $190,000
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Maturity: | Dec. 28, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above its initial level, par plus 1.5 times index return; if the index return is negative but not below negative 20% of the initial level, the return will be par; otherwise, full exposure to losses of index
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Call: | $1,090 per $1,000 of notes if index closes at or above initial level on Dec. 30, 2022
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Initial level: | 1,518.46
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Trigger buffer level: | 80% of initial level
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Pricing date: | Dec. 22, 2021
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Settlement date: | Dec. 27, 2021
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.5%
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Cusip: | 40057KJL8
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