Published on 8/11/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.44 million autocallable index-linked notes on three indexes
Chicago, Aug. 11 – GS Finance Corp. priced $1.44 million of 0% autocallable index-linked notes due Aug. 2, 2028 tied to the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 27.5% if all three indexes close above their initial levels on Jan. 26, 2026.
If the notes are not called and each index finishes at or above its initial level, the payout at maturity will be par plus two times the return of the worst performer.
If the worst performer declines but finishes above 60% of its initial level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to the losses of the worst performer.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index, Russell 2000 index
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| Amount: | $1,436,000
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| Maturity: | Aug. 2, 2028
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each index finishes above initial level, par plus two times return of worst performer; par if worst performer declines but finishes above trigger buffer level; otherwise, full exposure to losses of worst performer
|
| Call: | If each index closes at or above initial level on Jan. 26, 2026 notes will be called at par plus 27.5%
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| Initial index levels: | 35,520.12 for Dow, 15,499.26 for Nasdaq, 1,980.355 for Russell
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| Trigger buffer levels: | 60% of initial levels
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| Pricing date: | July 26
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| Settlement date: | July 31
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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.11%
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| Cusip: | 40057TGB4
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