Published on 7/30/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.1 million autocallable index-linked notes on three indexes
By William Gullotti
Buffalo, N.Y., July 30 – GS Finance Corp. priced $2.1 million of 0% autocallable index-linked notes due June 9, 2026 tied to the Dow Jones industrial average, the S&P 500 index and the Russell 2000 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on any quarterly call observation date after one year, the notes will be called at par plus a 5.35% annualized call premium.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 26.75%.
If the worst performer finishes above 70% of its initial level, the payout will be par.
If any index falls by more than 30%, investors will be exposed to the decline of the worst performing index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying indexes: | Dow Jones industrial average, S&P 500 index, Russell 2000 Value index
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| Amount: | $2,103,000
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| Maturity: | June 9, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the notes are not called and each index finishes at or above its initial level, par plus 26.75%; if worst performer finishes above 70% of initial level, par; if any index falls by more than 30%, investors will be exposed to the decline of the worst performing index from its initial level
|
| Call: | If each index closes at or above initial level on any quarterly observation date after one year, notes will be called at par plus a 5.35% annualized call premium
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| Initial index levels: | 34,600.38 for Dow, 4,208.12 for S&P, 2,564.627 for Russell
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| Trigger buffer levels: | 70% of initial levels
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| Pricing date: | June 2
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| Settlement date: | June 7
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.375%
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| Cusip: | 40057HJR2
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