Published on 6/22/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.84 million autocallable index-linked notes on Nasdaq, Russell, Dow
By Kiku Steinfeld
Chicago, June 22 – GS Finance Corp. priced $2.84 million of 0% autocallable index-linked notes due May 29, 2025 tied to the Nasdaq-100 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus an annual 10.7% call premium if each index closes at or above its index level on any annual call observation date.
If the notes are not called and each index closes at or above its initial level, the payout at maturity will be par plus 42.8%.
If any index falls by up to 30%, the payout at maturity will be par.
If any index falls by more than 30%, investors will be exposed to any losses of the least-performing index.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying indexes: | Nasdaq-100, Dow Jones industrial average, Russell 2000
|
| Amount: | $2,839,000
|
| Maturity: | May 29, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above initial level, par plus 42.8%; if any index falls by up to 30%, par; if any index falls by more than 30%, par plus return of least-performing index, with full exposure to losses
|
| Call: | At par plus annual 10.7% premium if each index closes above initial level on annual call date
|
| Initial index levels: | 34,207.84 for Dow, 13,411.74 for Nasdaq and 2,215.268 for Russell
|
| Trigger buffer levels: | 70% of initial levels
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| Pricing date: | May 21
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| Settlement date: | May 26
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| Agent: | Goldman Sachs & Co.
|
| Fees: | None
|
| Cusip: | 40057H7K0
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