Published on 5/1/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $370,000 autocallables linked to Goldman Sachs Momentum Builder Focus ER
By Angela McDaniels
Tacoma, Wash., May 1 – GS Finance Corp. priced $370,000 of 0% autocallable index-linked notes due June 4, 2032 linked to the Goldman Sachs Momentum Builder Focus ER index, according to a 424B2 filing with the Securities and Exchange Commission.
Beginning May 31, 2023, the notes will be automatically called at par plus a call premium of 20% per year if the index closes at or above the call level for that semiannual call observation date. The call level starts at 101.2% of the initial level and steps up by 0.6% each observation date.
If the notes are not called and the final index level is greater than the initial index level, the payout at maturity will be par plus the index return. If the final index level is less than or equal to the initial index level, the payout will be par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying index: | Goldman Sachs Momentum Builder Focus ER index
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| Amount: | $370,000
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| Maturity: | June 4, 2032
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If notes are not called and final index level is greater than initial index level, be par plus index return; if final index level is less than or equal to initial index level, par
|
| Call: | Beginning May 31, 2023, automatically at par plus call premium of 20% per year if index closes at or above call level for that semiannual call observation date; call level starts at 101.2% of initial level and steps up by 0.6% each observation date
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| Initial level: | 102.17
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| Pricing date: | May 31, 2022
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| Settlement date: | June 3, 2022
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 2.75%
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| Cusip: | 40057M4U0
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