Published on 4/17/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $701,000 autocallable index-linked notes on Russell
Chicago, April 17 – GS Finance Corp. priced $701,000 of 0% autocallable index-linked notes due May 27, 2027 tied to the Russell 2000 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 par plus an 8% call premium if the index closes at or above its initial level on May 22, 2023.
If the notes are not called and the index finishes flat or positive, the payout at maturity will be par plus 2.43 times the index return.
If the index declines by up to 35%, the payout will be par; otherwise, investors will be fully exposed to the decline of the index from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Autocallable index-linked notes
|
Underlying index: | Russell 2000 index
|
Amount: | $701,000
|
Maturity: | May 27, 2027
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index finishes at or above its initial level, par plus 2.43 times index return; if the index declines by up to 35%, par; otherwise, full exposure to the decline of the index from its initial level
|
Call: | At par plus 8% call premium if the index closes at or above its initial level on May 22, 2023
|
Initial level: | 1,773.266
|
Barrier level: | 65% of initial level
|
Pricing date: | May 20, 2022
|
Settlement date: | May 25, 2022
|
Underwriter: | Goldman Sachs & Co. LLC
|
Fees: | 1.125%
|
Cusip: | 40057M4G1
|
|
© 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.