Published on 3/22/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.17 million autocallable index-linked notes on Nasdaq, Dow, Russell
Chicago, March 22 – GS Finance Corp. priced $1.17 million of 0% autocallable index-linked notes due Feb. 5, 2026 tied to the Nasdaq-100 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus a 12.2% annualized premium if each index closes at or above its initial index level on any semiannual call observation date starting after one year.
If the notes are not called and each index closes at or above its initial level, the payout at maturity will be par plus the 61% maturity date premium.
If any index falls by up to 30%, the payout at maturity will be par.
If any index falls by more than 30%, investors will be exposed to any losses of the least-performing index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | Nasdaq-100, Dow Jones industrial average, Russell 2000
|
| Amount: | $1,166,000
|
| Maturity: | Feb. 5, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above initial level, par plus 61% maturity date premium; if any index falls by up to 30%, par; if any index falls by more than 30%, full exposure to losses
|
| Call: | At par plus 12.2% annualized premium if each index closes at or above its initial level on any semiannual call observation date after one year
|
| Initial index levels: | 29,982.62 for Dow, 2,073.641 for Russell, 12,925.38 for Nasdaq
|
| Trigger level: | 70% of initial levels
|
| Pricing date: | Jan. 29
|
| Settlement date: | Feb. 3
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.24%
|
| Cusip: | 40057F6Y5
|
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