Published on 10/14/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.03 million autocallable index-linked notes on Russell, Nasdaq, MSCI EM
By Kiku Steinfeld
Chicago, Oct. 14 – GS Finance Corp. priced $2.03 million of 0% autocallable index-linked notes due July 30, 2026 tied to the MSCI Emerging Markets index, the Nasdaq-100 index 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 7.05% annualized premium if each index closes at or above its initial index level on any quarterly call observation date after one year.
If the notes are not called and each index closes at or above its initial level, the payout at maturity will be par plus 35.25%.
If any index falls by up to 40%, the payout at maturity will be par.
If any index falls by more than 40%, 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: | MSCI Emerging Markets, Nasdaq-100, Russell 2000
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| Amount: | $2,025,000
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| Maturity: | July 30, 2026
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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 35.25%; if any index falls by up to 40%, par; if any index falls by more than 40%, par plus return of least-performing index, with full exposure to losses
|
| Call: | At par plus 7.05% annualized if each index closes at or above its initial level on any quarterly call observation date after one year
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| Initial levels: | 15,111.79 for Nasdaq, 2,209.649 for Russell, 1,311.30 for EM
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| Pricing date: | July 23
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| Settlement date: | July 28
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 3.5%
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| Cusip: | 40057HVY3
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