Published on 2/5/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $454,000 autocallable index-linked notes on Dow, Nasdaq
By Taylor Fox
New York, Feb. 5 – GS Finance Corp. priced $454,000 of 0% autocallable index-linked notes due Jan. 9, 2023 tied to the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the indexes finish above their initial levels on Dec. 30, 2021, the notes will be called at $1,090 per $1,000 face amount of notes.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 1.5 times the return of the lower performing index.
If either index falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the lesser performing index beyond 15%.
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: | Dow Jones industrial average, Nasdaq 100 index
|
| Amount: | $454,000
|
| Maturity: | Jan. 9, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | If both indexes finish above their initial levels on Dec. 30, 2021 the notes will be called at $1,090 per $1,000 of notes
|
| Payout at maturity: | If the notes are not called and each index finishes at or above its initial level, par plus 1.5 times the lesser performing index return; if either index falls by up to 15%, par; otherwise, 1% loss for every 1% decline of the lesser performing index beyond 15%
|
| Initial index levels: | 30,409.56 for Dow, 12,845.36 for Nasdaq
|
| Barrier levels: | 85% of initial levels
|
| Pricing date: | Dec. 30
|
| Settlement date: | Jan. 5
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.905%
|
| Cusip: | 40057ESN8
|
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