Published on 4/17/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $350,000 autocallable buffered notes tied to S&P 500
Chicago, April 17 – GS Finance Corp. priced $350,000 of 0% autocallable buffered index-linked notes due May 25, 2027 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 8% if the index closes at or above its initial level on May 29, 2023.
If the notes are not called and the index return is positive, the payout at maturity will be par plus the index gain.
Investors will receive par if the index falls by up to 40% and will lose 1% for each 1% loss beyond 40%.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor | Goldman Sachs Group, Inc.
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Issue: | Autocallable buffered index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $350,000
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Maturity: | May 25, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the notes are not called and the index return is positive, par plus the index gain; par if the index falls by up to 40%; otherwise, 1% loss for each 1% decline beyond 40%
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Call: | Automatically at par plus 8% if the index closes at or above the initial index level on May 29, 2023
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Initial level: | 3,901.36
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Buffer level: | 60% of initial level
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Pricing date: | May 20, 2022
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Settlement date: | May 25, 2022
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.75%
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Cusip: | 40057LZJ3
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