Published on 8/23/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.03 million index-linked notes on S&P, Dow
By Wendy Van Sickle
Columbus, Ohio, Aug. 23 – GS Finance Corp. priced $2.03 million of 0% index-linked notes due June 19, 2023 linked to the least performing of the S&P 500 index and the Dow Jones industrial average, 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 1.5 times the return of the least performing index, up to 23.25%.
If the least performing index falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% the worst performer declines beyond 10%.
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: | Index-linked notes
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Underlying indexes: | S&P 500 index, Dow Jones industrial average
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Amount: | $2,032,000
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Maturity: | June 19, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of each index is zero or positive, par plus 1.5 times the return of least performing index up to 23.25%; if any index falls but the final underlier level of each is greater than or equal to the 90% trigger level, par; exposure to decline of the worst performing index beyond 10%
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Initial levels: | 4,255.15 for S&P, 34,393.75 for Dow
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Trigger buffer levels: | 90% of initial levels
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Pricing date: | June 14
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Settlement date: | June 17
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.75%
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Cusip: | 40057HLQ1
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