Published on 1/24/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $4.67 million autocallable basket-linked notes on indexes
By Wendy Van Sickle
Columbus, Ohio, Jan. 24 – GS Finance Corp. priced $4.67 million of 0% autocallable basket-linked notes due Jan. 24, 2025 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 29% weight, the FTSE 100 index with a 16% weight, the Swiss Market index with an 11% weight and the S&P/ASX 200 index with a 8% weight.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus 9.5% per year if the basket closes at or above its initial level on either annual call date.
If the final basket return is positive or flat, the payout at maturity will be par plus 28.5%.
Otherwise, investors will lose 1% for every 1% that the weighted basket return is less than the basket’s initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable basket-linked notes
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| Underlying indexes: | Euro Stoxx 50 index (36%), Topix index (29%), FTSE 100 index (16%), Swiss Market index (11%), S&P/ASX 200 index (8%)
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| Amount: | $4,669,000
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| Maturity: | Jan. 24, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Call: | Par plus 9.5% per year if basket closes at or above initial level on either annual call date
|
| Payout at maturity: | If final return Is greater than or equal to initial level, par plus 28.5%; otherwise, full exposure to loss
|
| Initial levels: | 4,268.28 for Stoxx, 1,919.72 for Topix, 7,589.66 for FTSE, 12,525.69 for Swiss, 7,332.496 for S&P/ASX 200
|
| Pricing date: | Jan. 19
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| Settlement date: | Jan. 26
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 2.55%
|
| Cusip: | 40057KTA1
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