Published on 5/11/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.03 million underlier-linked notes on Stoxx, EAFE ETF
By Kiku Steinfeld
Chicago, May 11 – GS Finance Corp. priced $1.03 million of 0% underlier-linked notes due Oct. 5, 2023 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each underlier finishes at or above its initial value, the payout at maturity will be par plus 2 times the return of the lesser-performing underlier, capped at 25%.
If either underlier falls but neither falls by more than 10%, the payout will be par.
Otherwise, investors will lose 1% for each 1% that the lesser-performing underlier declines beyond 10%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Underlier-linked notes
|
| Underlying assets: | Euro Stoxx 50 index, iShares MSCI EAFE ETF
|
| Amount: | $1,026,000
|
| Maturity: | Oct. 5, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2 times any gain in lesser-performing underlier, capped at 25%; par if either underlier falls but neither falls by more than 10%; 1% loss for every 1% decline in lesser-performing underlier beyond the buffer
|
| Initial values: | $78.01 for ETF, 4,048.08 for index
|
| Buffer level: | 90% of initial levels
|
| Pricing date: | Sept. 30, 2021
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| Settlement date: | Oct. 5, 2021
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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.05%
|
| Cusip: | 40057JG83
|
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