Published on 9/3/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $29,000 of 6.25% autocallable fixed coupon notes on four stocks
By Wendy Van Sickle
Columbus, Ohio, Sept. 3 – GS Finance Corp. priced $29,000 of 6.25% autocallable fixed coupon equity-linked notes due June 25, 2024 linked to the common stock of Amazon.com, Inc., the class C capital stock of Alphabet Inc., the common stock of Apple Inc. and the common stock of Microsoft Corp., 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 notes will be automatically called at par plus the coupon if the least-performing stock closes at or above its initial price on any quarterly call observation date.
If the notes are not subject to an automatic call, the payout at maturity will be par unless any stock finishes below the 60% trigger price, in which case investors will lose 1% for each 1% decline of the least-performing stock from its initial price.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable fixed coupon equity-linked notes
|
| Underlying stocks: | Amazon.com, Inc., Alphabet Inc., Apple Inc., Microsoft Corp.
|
| Amount: | $29,000
|
| Maturity: | June 25, 2024
|
| Coupon: | 6.25%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless any stock finishes below the trigger price, in which case investors will lose 1% for each 1% decline of the least-performing stock from its initial price
|
| Call: | At par plus the coupon if all stocks close at or above their initial prices on any quarterly call observation date
|
| Initial prices: | $3,486.90 for Amazon, $2,511.35 for Alphabet, $130.46 for Apple, $259.43 for Microsoft
|
| Trigger buffer prices: | 60% of initial levels
|
| Pricing date: | June 18
|
| Settlement date: | June 23
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 2.5%
|
| Cusip: | 40057HKC3
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
