Published on 9/17/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $55.79 million notes on Next Gen, Cybersecurity, Semiconductor
By Marisa Wong
Los Angeles, Sept. 17 – GS Finance Corp. priced $55.79 million of 0% index-linked notes due Sept. 13, 2024 tied to the least performing of the Nasdaq Next Generation 100 index, the MSCI ACWI IMI Cybersecurity index and the PHLX Semiconductor Sector 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 1.4771 times the return of the worst performing index.
If the return of any index is negative, investors will be fully exposed to the decline of the worst performing index from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying indexes: | Nasdaq Next Generation 100 index, MSCI ACWI IMI Cybersecurity index and PHLX Semiconductor Sector index
|
| Amount: | $55,785,000
|
| Maturity: | Sept. 13, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.4771 times any gain in worst performing index; full exposure to any decline of worst performing index from its initial level
|
| Initial levels: | 1,381.791 for Next Generation, 3,075.11 for Cybersecurity and 3,416.656 for Semiconductor
|
| Pricing date: | Sept. 10
|
| Settlement date: | Sept. 15
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 40057JJ56
|
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