Published on 2/6/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $695,000 autocallable index-linked notes on S&P 500
By Kiku Steinfeld
Chicago, Feb. 6 – GS Finance Corp. priced $695,000 of 0% autocallable index-linked notes due June 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 a 12.5% call premium if the index closes at or above its initial level on June 25, 2024.
If the notes are not called and the index finishes flat or positive, the payout at maturity will be par plus 1.66 times the index return.
If the index declines by up to 20%, the payout will be par; otherwise, investors will be fully exposed to the decline of the index.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Autocallable index-linked notes
|
Underlying index: | S&P 500
|
Amount: | $695,000
|
Maturity: | June 28, 2028
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index finishes at or above its initial level, par plus 1.66 times index return; if the index declines by up to 20%, par; otherwise, exposure to the decline
|
Call: | At par plus 12.5% call premium if the index closes at or above its initial level on June 25, 2024
|
Initial level: | 4,365.69
|
Trigger level: | 80% of initial level
|
Pricing date: | June 21, 2023
|
Settlement date: | June 26, 2023
|
Underwriter: | Goldman Sachs & Co. LLC
|
Fees: | 0.54%
|
Cusip: | 40057TB37
|
|
© 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.