New Issue: GS Finance prices $88,000 autocallable notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., May 3 – GS Finance Corp. priced $88,000 of 0% autocallable index-linked notes due June 5, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus 10.5% if the index closes at or above its initial level on June 7, 2023.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 1.5 times the index return. If the final index level declines by up to 15%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Autocallable index-linked notes
Underlying indexes:	S&P 500 index
Amount:	$88,000
Maturity:	June 5, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to initial index level, par plus 1.5 times index return; if final index level declines by up to 15%, par; otherwise, 1% loss for every 1% that index declines beyond 15%
Call:	Automatically at par plus 10.5% if index closes at or above initial level on June 7, 2023
Initial levels:	4,132.15
Buffer levels:	85% of initial level
Pricing date:	May 31, 2022
Settlement date:	June 3, 2022
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.6%
Cusip:	40057M2D0

© 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.