Published on 9/17/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.46 million index-linked notes on Dow, S&P
By Kiku Steinfeld
Chicago, Sept. 17 – GS Finance Corp. priced $1.46 million of 0% index-linked notes due June 30, 2026 tied to the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the worse-performing index gains or finishes flat, the payout will be par plus the return of the worse-performing index, capped at 60%.
If either index falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the worse-performing index falls beyond 15%.
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: | Dow Jones industrial average and S&P 500
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| Amount: | $1.46 million
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| Maturity: | June 30, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worse-performing index gains or finishes flat, par plus return of worse-performing index, capped at 60%; if either index falls by up to 15%, par; otherwise, exposure to decline of worse-performing index beyond 15%
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| Initial levels: | 34,433.84 for Dow, 4,280.70 for S&P
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| Buffer levels: | 85% of initial levels
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| Pricing date: | June 25
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| Settlement date: | June 30
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 3.72%
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| Cusip: | 40057HH60
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