New Issue: GS Finance sells $1.24 million market-linked autocalls with buffered downside on S&P 500

By Kiku Steinfeld

Chicago, Sept. 1 – GS Finance Corp. priced $1.24 million of 0% market-linked autocallable securities with fixed percentage buffered downside due March 2, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus an 8.5% call premium if the index closes at or above the initial level on March 4, 2024.

The payout at maturity will be par plus 1.5 times any gain in the index. If the index is flat or falls by no more than 15%, the payout will be par. Otherwise, investors will be exposed to losses beyond the 15% buffer.

The notes are guaranteed by Goldman Sachs Group, Inc.

Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC are the agents.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Market-linked autocallable securities with fixed-percentage buffered downside
Underlying index:	S&P 500 index
Amount:	$1,236,000
Maturity:	March 2, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	1.5 times any gain; if index falls by no more than 15%, par; otherwise, investors will be exposed to losses beyond the 15% buffer
Call:	Automatically at par plus 8.5% call premium if the index closes at or above the initial level on March 4, 2024
Initial level:	3,982.24
Buffer level:	85% of initial level
Pricing date:	Feb. 27, 2023
Settlement date:	March 2, 2023
Agents:	Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC
Fees:	2.425%
Cusip:	40057PKR2

© 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.