Published on 9/7/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $545,000 underlier-linked notes on ETF, indexes
By Wendy Van Sickle
Columbus, Ohio, Sept. 7 – GS Finance Corp. priced $545,000 of 0% underlier-linked notes due June 23, 2026 linked to the Russell 2000 index, the Nasdaq-100 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each underlier finishes at or above its initial value, the payout at maturity will be par plus 1.233 times the return of the lesser-performing underlier.
If any underlier falls but not by more than 20%, the payout will be par.
Otherwise, investors will lose 1% for each 1% that the lesser-performing underlier declines beyond 20%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Underlier-linked notes
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| Underlying assets: | Russell 2000 index, Nasdaq-100 index, iShares MSCI EAFE ETF
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| Amount: | $545,000
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| Maturity: | June 23, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.233 times any gain in lesser-performing underlier; par if any underlier falls but not by more than 20%; 1% loss for every 1% decline in lesser-performing underlier beyond 20%
|
| Initial values: | $78.52 for ETF, 2,237.745 for Russell 2000, 14,059.58 for S&P Nasdaq
|
| Barrier level: | 80% of initial levels
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| Pricing date: | June 18
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| Settlement date: | June 23
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 4.125%
|
| Cusip: | 40057HMK3
|
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