Published on 11/5/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $10 million index-linked notes on S&P 500, Russell 2000
By Wendy Van Sickle
Columbus, Ohio, Nov. 5 – GS Finance Corp. priced $10 million of 0% index-linked notes due Nov. 17, 2022 linked to the least performing of the S&P 500 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.
If the return of each index is at least 75% of its initial level, the payout at maturity will be par plus 7.45%.
Otherwise, investors will be fully exposed to any losses of the worst performing index from its initial level.
Goldman Sachs & Co. LLC is the agent with JPMorgan as placement agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying indexes: | S&P 500 index, Russell 2000 index
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Amount: | $10 million
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Maturity: | Nov. 17, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of each index is at least 75% of initial level, par plus 7.45%; otherwise, full exposure to loss
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Initial levels: | 4,596.59 for S&P, 2,349.4 for Russell
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Pricing date: | Nov. 2
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Settlement date: | Nov. 5
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Agent: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
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Fees: | 0.4%
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Cusip: | 40057K2U6
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