Published on 8/24/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.1 million index-linked notes on S&P, Nasdaq
By William Gullotti
Buffalo, N.Y., Aug. 24 – GS Finance Corp. priced $2.1 million of 0% index-linked notes due June 29, 2026 linked to the least performing of the S&P 500 index and the Nasdaq-100 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 zero or positive, the payout at maturity will be par plus 116.5% of the gain of the least performing index.
If the least performing index falls by up to 25%, the payout at maturity will be par.
Otherwise, investors will be fully exposed the decline of the worst performing index from its initial level.
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: | Index-linked notes
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Underlying indexes: | S&P 500 index, Nasdaq-100 index
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Amount: | $2,098,000
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Maturity: | June 29, 2026
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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 zero or positive, par plus 116.5% of the gain of the worst performer; if any index falls but the final underlier level of each is greater than or equal to the 75% trigger buffer level, par; otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level
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Initial levels: | 4,266.49for S&P, 14,365.96 for Nasdaq
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Trigger buffer levels: | 75% of initial levels
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Pricing date: | June 24
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Settlement date: | June 29
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 4%
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Cusip: | 40057HLA6
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