Published on 1/6/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $3.03 million market-linked autocalls with principal return on S&P
By William Gullotti
Buffalo, N.Y., Jan. 6 – GS Finance Corp. priced $3.03 million of 0% market-linked notes – autocallable with principal return at maturity due Dec. 29, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus an annualized call premium of 6.2% if the index closes at or above the initial level on any annual call observation date, including the final.
If the notes are not called at maturity, investors will receive par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC are the agents.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Market-linked notes – autocallable with principal return at maturity
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Underlying index: | S&P 500 index
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Amount: | $3,026,000
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Maturity: | Dec. 29, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If not called, par
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Call: | Automatically at par plus 6.2% annualized call premium if the index closes at or above the initial level on any annual call observation date, including the final
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Initial level: | 3,844.82
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Pricing date: | Dec. 23
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Settlement date: | Dec. 29
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Agents: | Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC
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Fees: | 2.825%
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Cusip: | 40057P7B2
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