Published on 8/29/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $270,000 index-linked notes on MSCI EAFE, Stoxx
By Kiku Steinfeld
Chicago, Aug. 30 – GS Finance Corp. priced $270,000 of 0% index-linked notes due July 3, 2025 linked to the lesser performing of the MSCI EAFE index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each index is zero or positive, the payout at maturity will be par plus 1.5 times the return of the lesser performing index.
If either index falls but the return of each index is at least negative 20%, the payout will be par.
If either index falls by more than 20%, investors will be exposed to the decline of the worse performing index beyond 20%.
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: | Index-linked notes
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Underlying indexes: | MSCI EAFE, Euro Stoxx 50
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Amount: | $270,000
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Maturity: | July 3, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of each index is zero or positive, par plus 1.5 times the return of the lesser performing index; if either index falls but the return of each index is at least negative 20%, par; otherwise, investors will be exposed to the decline of the worse performing index beyond 20%
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Initial levels: | 2,304.92 for EAFE, 4,064.30 for Stoxx
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Pricing date: | June 30
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Settlement date: | July 6
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.5%
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Cusip: | 40057HKV1
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