Published on 12/19/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.02 million index-linked notes on S&P, Russell
By Kiku Steinfeld
Chicago, Dec. 20 – GS Finance Corp. priced $1.02 million of 0% index-linked notes due Dec. 17, 2026 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 each index finishes at or above its initial, the payout at maturity will be par plus 121% of the return of the lesser performing index.
If the worst performer declines but finishes at or above its trigger buffer level, 70% of initial level, the payout at maturity will be par plus the absolute value of that index’s return.
Otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level.
Goldman Sachs & Co. LLC is the a1.02gent.
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: | $1,015,000
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Maturity: | Dec. 17, 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 its initial level, the payout at maturity will be par plus 121% of the return of the lesser performing index; if the worst performer declines but finishes at or above trigger buffer level, par plus the absolute value of that index’s return; otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level
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Initial levels: | 4,668.97 for S&P, 2,180.495 for Russell
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Trigger buffer levels: | 70% of initial levels
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Pricing date: | Dec. 13
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Settlement date: | Dec. 16
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.12%
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Cusip: | 40057KHH9
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