Published on 10/25/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $540,000 autocallable buffered notes on S&P 500
By Kiku Steinfeld
Chicago, Oct. 25 – GS Finance Corp. priced $540,000 of 0% autocallable buffered index-linked notes due April 2, 2026 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 12% if the index closes at or above its initial level on April 1, 2024.
If the notes are not called and the index return is positive, the payout at maturity will be par plus 150% of the index gain.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% loss beyond 15%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable buffered index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $540,000
|
| Maturity: | April 2, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and the index return is positive, par plus 150% of the index gain; par if the index falls by up to 15%; otherwise, 1% loss for each 1% decline beyond 15%
|
| Call: | Automatically at par plus 12% if the index closes at or above the initial index level on April 1, 2024
|
| Initial level: | 4,027.81
|
| Buffer level: | 85% of initial level
|
| Pricing date: | March 29, 2023
|
| Settlement date: | April 3, 2023
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.25%
|
| Cusip: | 40057RAF5
|
|
|
© 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.
