Published on 9/26/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $847,000 autocallable index-linked notes on Nasdaq, S&P
Chicago, Aug. 26 – GS Finance Corp. priced $847,000 of 0% autocallable index-linked notes due Sept. 28, 2026 tied to the S&P 500 index and the Nasdaq-100 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 a 6% call premium if least performing index closes at or above initial level on Sept. 21, 2023.
If the notes are not called and the least performing index finishes flat or positive, the payout at maturity will be par plus 3.26 times the return of the least performing index.
If the least performing index declines by up to 10%, the payout will be par; otherwise, investors will be exposed to the decline of the least performing index beyond the 10% buffer.
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 indexes: | Nasdaq-100 index and S&P 500 index
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| Amount: | $847,000
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| Maturity: | Sept. 28, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the least performing index finishes at or above its initial level, par plus 3.26 times least performing return; if the least performing index declines by up to 10%, par; otherwise, exposure to the decline of the least performing index beyond 10% buffer
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| Call: | At par plus a 6% call premium if least performing index closes at or above initial level on Sept. 21, 2023
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| Initial levels: | 11,637.79 for Nasdaq, 3,789.93 for S&P 500
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| Buffer levels: | 90% of initial levels
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| Pricing date: | Sept. 21, 2022
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| Settlement date: | Sept. 26, 2022
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 1.6%
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| Cusip: | 40057N7C5
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