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Published on 8/26/2021 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $2.04 million leveraged index-linked notes on FTSE 100

By William Gullotti

Buffalo, N.Y., Aug. 26 – GS Finance Corp. priced $2.04 million of 0% leveraged index-linked notes due Sept. 22, 2023 tied to the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is positive, investors will receive par plus 1.749 times any index gain. Otherwise, investors will lose 1% for every 1% decline in the index from its initial level.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Leveraged index-linked notes
Underlying index:FTSE 100 index
Amount:$2,037,000
Maturity:Sept. 22, 2023
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.749 times any index gain; full exposure to decline from initial level
Initial index level:7,087.9
Pricing date:Aug. 20
Settlement date:Aug. 27
Agent:Goldman Sachs & Co. LLC
Fees:1.5%
Cusip:40057JBN5

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