Published on 7/26/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $24 million autocallable index-linked notes on three indexes
By William Gullotti
Buffalo, N.Y., July 26 – GS Finance Corp. priced $24 million of 0% autocallable index-linked notes due July 5, 2024 tied to the FTSE 100 index, the Euro Stoxx 50 index and the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on July 29, 2022, the notes will be called at par plus 11.5%.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 2.3492 times the return of the worst performing index.
If any index declines, investors will be exposed to the decline of the worst performing index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
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 index-linked notes
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| Underlying indexes: | FTSE 100 index, Euro Stoxx 50 index, MSCI EAFE index
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| Amount: | $24,000,000
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| Maturity: | July 5, 2024
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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 each index finishes at or above its initial level, par plus 2.3492 times return of least performing index; if any index declines, investors will be exposed to the decline of the worst performing index from its initial level
|
| Call: | If each index closes at or above initial level on July 29, 2022, notes will be called at par plus 11.5%
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| Initial index levels: | 7,008.09 for FTSE, 4,035.77 for Stoxx, 2,302.81 for EAFE
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| Pricing date: | July 16
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| Settlement date: | July 21
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 3.75%
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| Cusip: | 40057HUE8
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