Published on 1/28/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.91 million autocallables on Russell, Dow, Nasdaq
By Taylor Fox
New York, Jan. 28 – GS Finance Corp. priced $2.91 million of 0% autocallable index-linked notes due Jan. 29, 2025 tied to the Nasdaq-100 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on any annual call date, the notes will be called at par plus an annual 9.7% premium.
If the notes are not called and each index finishes at or above 100% of its initial level, the payout will be par plus the 38.8% premium.
If the worst performer finishes between 70% and 100% of its initial level, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the worst performer.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | Russell 2000, Dow Jones industrial average, Nasdaq-100 index
|
| Amount: | $2,908,000
|
| Maturity: | Jan. 29, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and each index finishes at or above 100% of its initial level, par plus the 38.8% premium; if worst performer finishes between 70% and 100% of initial level, par; otherwise, 1% loss for every 1% decline of the worst performer
|
| Call: | If each index closes at or above initial level on any annual call date, notes will be called at par plus 9.7% annual premium
|
| Initial index levels: | 2,168.758 for Russell, 30,996.98 for Dow, 13,366.40 Nasdaq
|
| Trigger buffer levels: | 70% of initial levels
|
| Pricing date: | Jan. 22
|
| Settlement date: | Jan. 27
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.3%
|
| Cusip: | 40057F2H6
|
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