Published on 4/17/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $200,000 autocallable index-linked notes on S&P 500
Chicago, April 17 – GS Finance Corp. priced $200,000 of 0% autocallable index-linked notes due May 25, 2027 tied to the S&P 500 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 4.25% 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 positive, the payout at maturity will be par plus the return of the index.
Otherwise, investors will receive par.
Goldman Sachs & Co. LLC is the underwriter.
| 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 index
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| Amount: | $200,000
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| Maturity: | May 25, 2027
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the index finishes above its initial level, par plus return of the index; otherwise, par
|
| Call: | At par plus 4.25% call premium if the index closes at or above its initial level on May 22, 2023
|
| Initial level: | 3,901.36
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| Pricing date: | May 20, 2022
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| Settlement date: | May 25, 2022
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.75%
|
| Cusip: | 40057LZH7
|
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