Published on 12/12/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $746,000 autocallable index-linked notes on S&P 500
By Kiku Steinfeld
Chicago, Dec. 12 – GS Finance Corp. priced $746,000 of 0% autocallable index-linked notes due April 28, 2028 tied 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 called at par plus an 8% call premium if the index closes at or above its initial level on any April 22, 2024.
If the notes are not called, the payout at maturity will be par plus 1.015 times the index return if the index return is positive.
Otherwise, investors receive par.
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 index: | S&P 500 index
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| Amount: | $746,000
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| Maturity: | April 28, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above its initial level, par plus 1.015 times index return; otherwise, par
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| Call: | At par plus 8% call premium if index closes at or above initial level on April 22, 2024
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| Initial level: | 4,133.52
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| Pricing date: | April 21, 2023
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| Settlement date: | April 26, 2023
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.74%
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| Cusip: | 40057RGE2
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