Published on 9/3/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.14 million autocallable underlier-linked notes on index, ETF
By Wendy Van Sickle
Columbus, Ohio, Sept. 3 – GS Finance Corp. priced $1.14 million of 0% autocallable underlier-linked notes due June 25, 2024 linked to the Russell 2000 index and the VanEck Vectors Gold Miners ETF, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus a 36% call premium if the lesser-performing underlier closes at or above its initial level on June 20, 2022.
If the lesser-performing underlier finishes at or above its initial level, the payout at maturity will be par plus 1.4 times the return of the lesser-performing underlier.
If the worst performer falls by up to 30%, the payout will be par. Otherwise, investors will be exposed to the worst performer’s decline from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable underlier-linked notes
|
| Underlying assets: | Russell 2000 index, VanEck Vectors Gold Miners ETF
|
| Amount: | $1,143,000
|
| Maturity: | June 25, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the lesser-performing asset finishes at or above initial level, par plus 1.4 times the return of the lesser-performing underlier; if the worst performer declines by up to 30%, par; otherwise, investors will be fully exposed to the worst performer’s decline from its initial level
|
| Call: | Automatically at par plus a 36% call premium if lesser-performing underlier closes at or above initial level on June 20, 2022
|
| Initial levels: | 2,237.745 for index, $34.13 for fund
|
| Trigger buffer levels: | 70% of initial levels
|
| Pricing date: | June 18
|
| Settlement date: | June 23
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.63%
|
| Cusip: | 40057HM31
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
