Published on 6/30/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $9.82 million buffered basket-linked notes on indexes
By Wendy Van Sickle
Columbus, Ohio, June 30 – GS Finance Corp. priced $9.82 million of 0% buffered basket-linked notes due June 27, 2023 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the FTSE 100 index with a 16% weight, the Topix index with a 29% weight, the Swiss Market index with an 11% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus any basket gain, subject to a cap of 32%.
If the basket falls by up to 20%, investors will lose 1% for every 1% that the basket declines, subject to a maximum loss of 5%. Otherwise, investors will lose 5% plus an additional 1.1875% for every 1% decline beyond 20%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered basket-linked notes
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| Underlying indexes: | Euro Stoxx 50 (36% weight), FTSE 100 (16% weight), Topix index (29% weight), Swiss Market index (11% weight) and S&P/ASX 200 (8% weight)
|
| Amount: | $9.82 million
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| Maturity: | June 27, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If basket return is positive, par plus basket return, subject to maximum settlement amount of $1,320 per $1,000 principal amount of notes; if basket return is zero or negative but not below negative 20%, 1% loss for every 1% that basket declines from initial level, subject to minimum payout of $950 per $1,000 principal amount of notes; if basket return is less than negative 20%, $950 minus 1.1875% for every 1% that basket declines beyond 20%
|
| Initial levels: | 4,075.94 for the Euro Stoxx 50, 7,074.06 for the FTSE 100, 1,949.14 for the Topix index, 11,898.62 for the Swiss Market and 7,074.06 for the S&P/ASX 200
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| Pricing date: | June 23
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| Settlement date: | June 30
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.3%
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| Cusip: | 40057HN63
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