Chicago, Aug. 21 – GS Finance Corp. priced $200,000 of autocallable contingent coupon ETF-linked notes due Aug. 6, 2025 linked to the worst performing of the iShares Silver Trust and the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent monthly coupon of 12.1% per annum if each fund closes at or above its 75% coupon trigger level on the observation date for that period.
The notes will be called at par if each fund closes at or above its initial level on any monthly observation date after one year.
The payout at maturity will be par unless any fund closes below 75% of its initial level, in which case investors will be exposed to the decline of the least performing fund beyond the 25% buffer.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon ETF-linked notes
|
| Underlying ETFs: | iShares Silver Trust and VanEck Vectors Gold Miners ETF
|
| Amount: | $200,000
|
| Maturity: | Aug. 6, 2025
|
| Contingent coupon: | 12.1% annualized, payable monthly if each fund closes at or above 75% coupon trigger level on the observation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par unless any fund closes below 75% of its initial level, in which case investors will be exposed to the decline of the least performing fund beyond the 25% buffer
|
| Call: | Automatically at par if each fund closes at or above initial level on any monthly observation date after one year
|
| Initial fund levels: | $18.79 for iShares and $26.21 for VanEck Vectors
|
| Coupon barrier/buffer levels: | 75% of initial levels
|
| Pricing date: | Aug. 1, 2022
|
| Settlement date: | Aug. 4, 2022
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.25%
|
| Cusip: | 40057MQJ1
|
|
|
|
|
© 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.
