Published on 11/22/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $951,000 index-linked notes on S&P, Nasdaq, Dow
By Wendy Van Sickle
Columbus, Ohio, Nov. 22 – GS Finance Corp. priced $951,000 of 0% index-linked notes due Aug. 11, 2026 tied to the least performing of the Nasdaq-100 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout will be par plus 1.1 times least-performing index return.
If the least-performing index falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the least-performing index beyond 20%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| 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: | Nasdaq-100 index, S&P 500 index, Dow Jones industrial average
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| Amount: | $951,000
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| Maturity: | Aug. 11, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above its initial level, par plus 1.1 times least-performing index return; if the least-performing index falls by up to 20%, par; otherwise, 1% loss for every 1% decline of the least-performing index beyond 20%
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| Initial index levels: | 14,959.90 for Nasdaq, 4,395.26 for S&P and 34,935.47 for Dow
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| Trigger level: | 80% of initial levels
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| Pricing date: | Aug. 6
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| Settlement date: | Aug. 11
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 1.08%
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| Cusip: | 40057HYX2
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