Published on 9/14/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $12.6 million buffered index basket-linked notes
By Wendy Van Sickle
Columbus, Ohio, Sept. 14 – GS Finance Corp. priced $12.6 million of 0% buffered notes due Oct. 2, 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 Topix index with a 29% weight, the FTSE 100 index with a 16% weight, the Swiss Market index with an 11% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus the basket gain.
If the basket finishes flat or falls by up to 20%, investors will be exposed to the basket decline, subject to a maximum loss of 5.5%.
If the basket declines by more than 20%, investors will lose 1.18125% for every 1% decline beyond 20%.
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: | Buffered basket-linked notes
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| Underlying indexes: | Euro Stoxx 50 index (36%), Topix index (29%), FTSE 100 index (16%), Swiss Market index (11%), S&P/ASX 200 index (8%)
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| Amount: | $12.6 million
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| Maturity: | Oct. 2, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If basket return is positive, par plus basket gain; par if basket finishes flat or declines by up to 20%, exposure to first 5.5% of loss; if basket falls by more than 20% 1.18125% loss for every 1% decline beyond 20%
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| Initial levels: | 4,225.01 for Euro Stoxx, 2,063.38 for Topix, 7,149.37 for FTSE, 12,344.38 for Swiss Market and 7,530.339 for S&P/ASX
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| Buffer level: | 88% of initial level
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| Pricing date: | Sept. 7
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| Settlement date: | Sept. 14
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.3%
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| Cusip: | 40057JFU5
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