By Kiku Steinfeld
Chicago, Oct. 9 – GS Finance Corp. priced $57,000 of 0% bearish autocallable absolute return notes due Oct. 3, 2024 linked to the S&P 500 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 automatically called at par plus 16% if the index’s closing level has declined from the initial level by more than 30% on any day during the life of the notes.
If the notes are not called and the final index level is less than 70% of the initial level, the payout maturity will be par plus the 16% contingent return.
If the final level is greater than or equal to 70% but less than the initial level, the payout at maturity will be par plus the absolute value of the index return.
If the final index level is greater than or equal to the initial level, the payout will be par.
The underwriter is Goldman Sachs & Co. LLC.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Bearish autocallable absolute return notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $57,000
|
| Maturity: | Oct. 3, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is less than 70% of the initial level, par plus 16%; if final level is greater than or equal to 70% but less than initial level, par plus absolute value of index return; par if final index level is greater than or equal to the initial level
|
| Call: | Automatically at par plus 16% if index’s closing level has declined from initial level by more than 30% on any day during life of notes
|
| Initial level: | 4,109.31
|
| Call level: | 70% of initial level
|
| Pricing date: | March 31, 2023
|
| Settlement date: | April 5, 2023
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 40057PV25
|
|
|
© 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.
