Published on 7/6/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $9.38 million enhanced trigger jump securities on Stoxx, Russell, S&P
By William Gullotti
Buffalo, N.Y., July 6 – GS Finance Corp. priced $9.38 million of 0% enhanced trigger jump securities due Jan. 6, 2026 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index finishes at or above its 75% downside threshold, the payout at maturity will be par plus the greater of the worst performing index and the 30% upside payment.
Otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level.
Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is the dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Enhanced trigger jump securities
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| Underlying indexes: | S&P 500 index, Russell 2000 index, Euro Stoxx 50 index
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| Amount: | $9,375,000
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| Maturity: | Jan. 6, 2026
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| Coupon: | 0%
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| Price: | Par of $10
|
| Payout at maturity: | If each index finishes at or above its 75% downside threshold, par plus greater of worst performing index and 30% upside payment; otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level
|
| Initial levels: | 4,297.5 for S&P, 4,064.3 for Stoxx, 2,310.549 for Russell
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| Downside thresholds: | 3,223.125 for S&P, 3,048.225 for Stoxx, 1,732.91175 for Russell; 75% of initial levels
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| Pricing date: | June 30
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| Settlement date: | July 6
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| Underwriter: | Goldman Sachs & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 3%
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| Cusip: | 36260Y880
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