Published on 9/2/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $14.53 million leveraged buffered basket-linked notes
By Wendy Van Sickle
Columbus, Ohio, Sept. 2 – GS Finance Corp. priced $14.53 million of 0% leveraged buffered notes due Feb. 12, 2024 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 50% weight, the MSCI EAFE index with a 30% weight and the MSCI Emerging Markets index with a 20% weight.
The payout at maturity will be par plus 1.2 times the basket gain up to $1,192.50 per $1,000 of notes.
Investors will receive par if the basket finishes flat or falls by up to 12% and will lose 1% for every 1% decline beyond 12%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged buffered index-linked notes
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| Underlying indexes: | S&P 500 index (50%), MSCI EAFE index (30%), MSCI Emerging Markets (20%)
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| Amount: | $14,532,000
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| Maturity: | Feb. 12, 2024
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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 1.2 times basket gain, up to $1,192.50 per $1,000 of notes; par if basket finishes flat or declines by up to 12%; 1% loss for every 1% decline beyond 12%
|
| Initial levels: | 4,509.37 for S&P 500 | index, 2,349.46 for MSCI EAFE and 1,272.67 for MSCI Emerging Markets
|
| Buffer level: | 88% of initial level
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| Pricing date: | Aug. 27
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| Settlement date: | Sept. 1
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.45%
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| Cusip: | 40057JCU8
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