Published on 8/18/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $470,000 autocallable index-linked notes tied to S&P, Russell
Chicago, Aug. 18 – GS Finance Corp. priced $470,000 of 0% autocallable index-linked notes due Aug. 5, 2025 tied to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes may be automatically called on annual call observation dates if both indexes close above their initial levels. The notes will be called at par plus a 12.25% call premium.
At maturity, if each index finishes at or above its initial level, the payout will be par plus 36.75%.
If the worst performer declines but finishes at or above 65% of its initial level, the payout will be par.
If any index falls by more than 35%, investors will be fully exposed to the decline of the worst performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| 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 indexes: | S&P 500 index, Russell 2000 index
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| Amount: | $470,000
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| Maturity: | Aug. 5, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above its initial level, par plus 36.75%; if worst performer declines but finishes at or above 65% of initial level, par; otherwise, investors will be fully exposed to the decline of the worst performing index
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| Call: | Par plus 12.25% annual call premium if both indexes close above initial levels on either annual call observation date
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| Initial index levels: | 4,130.29 for S&P, 1,885.23 for Russell
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| Trigger buffer levels: | 65% of initial levels
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| Pricing date: | July 29, 2022
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| Settlement date: | Aug. 3, 2022
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.58%
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| Cusip: | 40057MKB4
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