Published on 7/15/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.55 million autocallable index-linked notes on three indexes
By William Gullotti
Buffalo, N.Y., July 15 – GS Finance Corp. priced $1.55 million of 0% autocallable index-linked notes due June 2, 2026 tied to the S&P 500 index, the MSCI Emerging Markets index and the Euro Stoxx 50 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 an annualized call premium of 11.6%.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 58%.
If the worst performer finishes above 95% of its initial level, the payout will be par.
If any index falls by more than 5%, 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.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | S&P 500 index, MSCI Emerging Markets index, Euro Stoxx 50 index
|
| Amount: | $1,551,000
|
| Maturity: | June 2, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and each index finishes at or above its initial level, $1,580 per note; if worst performer finishes above 95% of initial level, par; if any index falls by more than 5%, 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, notes will be called at par plus an annualized call premium of 11.6%.
|
| Initial index levels: | 4,195.99 for S&P, 1,351.95 for MSCI EM, 4,031.67 for Stoxx
|
| Trigger buffer levels: | 95% of initial levels
|
| Pricing date: | May 26
|
| Settlement date: | May 28
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.625%
|
| Cusip: | 40057HFJ4
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
