Published on 7/14/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.63 million autocallable notes on index, ETF
By Kiku Steinfeld
Chicago, July 14 – GS Finance Corp. priced $1.63 million of 0% autocallable underlier-linked notes due June 4, 2024 linked to the Euro Stoxx 50 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus a 11.5% annualized call premium if the lesser-performing asset closes at or above its initial level on any annual call date.
If the lesser-performing asset finishes at or above its initial level, the payout at maturity will be par plus 34.5%. If the lesser-performing asset falls by up to 20%, the payout will be par. Otherwise, investors will be exposed to the lesser-performing asset’s decline from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable underlier-linked notes
|
| Underlying assets: | Euro Stoxx 50 index and iShares MSCI Emerging Markets ETF
|
| Amount: | $1,626,000
|
| Maturity: | June 4, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | Automatically at par plus a 11.5% annualized call premium if lesser-performing asset closes at or above initial level on any annual call observation date
|
| Payout at maturity: | If the lesser-performing asset finishes at or above initial level, par plus 34.5%; if the lesser-performing asset falls by up to 20%, the payout will be par; otherwise, investors will be fully exposed to the lesser-performing asset’s decline from its initial level
|
| Initial levels: | 4,036.04 for index, $54.11 for ETF
|
| Trigger levels: | 80% of initial levels
|
| Pricing date: | May 25
|
| Settlement date: | May 28
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 3.2%
|
| Cusip: | 40057HCE8
|
© 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.
