Published on 2/12/2024 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $595,000 autocallable index-linked notes on S&P, Russell Value
Chicago, Feb. 12 – GS Finance Corp. priced $595,000 of 0% autocallable index-linked notes due June 2, 2028 tied to the S&P 500 index and the Russell 2000 Value 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 9% annualized call premium if the lesser performing index closes at or above its initial level on any annual call observation date.
If both indexes finish above their initial levels, the payout at maturity will be par plus 45%.
If the lesser performing index falls but finishes at greater than or equal to 70% of its initial level, investors will receive par. Otherwise, investors will be fully exposed to the decline of the lesser performing index.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | S&P 500 index and Russell 2000 Value index
|
| Amount: | $595,000
|
| Maturity: | June 2, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If lesser performer gains, par plus 45%; if the lesser performing index falls but finishes at or above its barrier level, par; otherwise, investors will be fully exposed to the decline of the lesser performing index
|
| Call: | At par plus 9% annualized call premium if lesser performing index closes at or above initial level on any annual call observation date
|
| Initial levels: | 4,151.28 for S&P, 1,971.631 for Russell Value
|
| Barrier levels: | 70% of initial levels
|
| Pricing date: | May 25, 2023
|
| Settlement date: | May 31, 2023
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 4.32%
|
| Cusip: | 40057RQA9
|
|
|
© 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.
