Published on 8/29/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.01 million autocallable index-linked notes on Nasdaq, Dow, Russell
By Kiku Steinfeld
Chicago, Aug. 30 – GS Finance Corp. priced $2.01 million of 0% autocallable index-linked notes due July 9, 2024 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 a 15.5% call premium if each index closes at or above its initial index level on June 30, 2022.
If the notes are not called and each index closes at or above its initial level, the payout at maturity will be par plus 1.5 times the index return.
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. 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: | Nasdaq-100, Dow Jones industrial average, Russell 2000
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| Amount: | $2.01 million
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| Maturity: | July 9, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above initial level, par plus 1.5 times any gain; 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
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| Call: | At par plus 15.5% if each index closes at or above its initial level on June 30, 2022
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| Initial index levels: | 14,554.80 for Nasdaq, 2,310.549 for Russell, 34,502.51 for Dow
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| Trigger level: | 70% of initial levels
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| Pricing date: | June 30
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| Settlement date: | July 6
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.83%
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| Cusip: | 40057HQ45
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