Published on 12/20/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $6.2 million 5.9% fixed coupon index-linked notes on Nasdaq, S&P
By William Gullotti
Buffalo, N.Y., Dec. 20 – GS Finance Corp. priced $6.2 million of 5.9% fixed coupon index-linked notes due Dec. 15, 2022 linked to the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest is payable monthly.
The payout at maturity will be par if each index finishes at or above its 82.5% trigger level.
Otherwise, investors will lose 1.2121% for every 1% decline of the worst performer beyond 17.5%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Fixed coupon index-linked notes
|
| Underlying indexes: | Nasdaq-100 index, S&P 500 index
|
| Amount: | $6,195,000
|
| Maturity: | Dec. 15, 2022
|
| Coupon: | 5.9% per year, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above trigger level, par; otherwise, lose 1.2121% for every 1% decline of the worst performer below 17.5%
|
| Initial levels: | 15,914.9 for Nasdaq, 4,634.09 for S&P
|
| Trigger level: | 82.5% of initial levels
|
| Strike date: | Dec. 14
|
| Pricing date: | Dec. 15
|
| Settlement date: | Dec. 20
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | None
|
| Cusip: | 40057KJK0
|
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