Published on 12/16/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $89,000 contingent coupon autocallables on S&P, Russell, Nasdaq
By Kiku Steinfeld
Chicago, Dec. 16 – GS Finance Corp. priced $89,000 of autocallable contingent coupon index-linked notes due March 6, 2023 linked to the least performing of the Nasdaq-100 index, 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.
The notes will pay a contingent quarterly coupon of 7.5% per annum if each index closes at or above its 80% coupon trigger level on the related quarterly determination date.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly call date after six months.
The payout at maturity will be par unless any index finishes below its initial level and either index has ever closed below its 70% trigger level on any day during the life of the notes, in which case investors will be fully exposed to the loss 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 contingent coupon index-linked notes
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| Underlying indexes: | Nasdaq-100 index, S&P 500 index and Russell 2000 index
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| Amount: | $89,000
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| Maturity: | March 6, 2023
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| Coupon: | 7.5% per year, payable each quarter that each index closes at or above its coupon trigger level on the related quarterly determination date
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| Price: | Par
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| Payout at maturity: | Par unless any index finishes below its initial level and either index has ever closed below its trigger level on any day during the life of the notes, in which case investors will be fully exposed to the loss of the least-performing index
|
| Call: | At par plus the contingent coupon if each index closes at or above its initial level on any quarterly call date after six months
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| Initial index levels: | 15,368.92 for Nasdaq, 4,496.19 for S&P and 2,239.269 for Russell
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| Coupon trigger levels: | 80% of initial levels
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| Trigger levels: | 70% of initial levels
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| Pricing date: | Aug. 25
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| Settlement date: | Aug. 30
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 2.225%
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| Cusip: | 40057JB39
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