Published on 10/6/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.6 million index-linked notes on FTSE, Stoxx
By Wendy Van Sickle
Columbus, Ohio, Oct. 6 – GS Finance Corp. priced $1.6 million of 0% index-linked notes due July 21, 2026 tied to the FTSE 100 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 5 times the return of laggard index, capped at $1,705 for each $1,000 of notes.
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.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Autocallable index-linked notes
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Underlying indexes: | FTSE 100 index, Euro Stoxx 50 index
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Amount: | $1,595,000
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Maturity: | July 21, 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 initial level, par plus 5 times return of laggard index, capped at $1,705 for each $1,000 of notes; full exposure to decline of worst performing index from initial level
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Initial index levels: | 6,844.39 for FTSE, 3,928.53 for Stoxx
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Pricing date: | July 19
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Settlement date: | July 26
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 2.35%
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Cusip: | 40057HUC2
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