Published on 10/26/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $7.5 million trigger digital notes tied to Nikkei, Stoxx, Nasdaq
By William Gullotti
Buffalo, N.Y., Oct. 26 – GS Finance Corp. priced $7.5 million of 0% trigger digital notes due Nov. 9, 2022 linked to the Nikkei 225 index, the Euro Stoxx 50 index and the Nasdaq-100 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 7.45%.
If the worst performer finishes below the 75% downside threshold, investors lose 1% for every 1% decline of that index from its initial level.
Goldman Sachs & Co. and UBS Financial Services Inc. are the agents.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger digital notes
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| Underlying indexes: | Nikkei 225 index, Euro Stoxx 50 index, Nasdaq-100 index
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| Amount: | $7.5 million
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| Maturity: | Nov. 9, 2022
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If each index finishes at or above its downside threshold, par plus 7.45%; otherwise, 1% loss for each 1% decline of worst performer from initial level
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| Initial levels: | 29,215.52 for Nikkei, 4,166.83 for Stoxx, 15,410.72 for Nasdaq
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| Downside threshold: | 21,911.64 for Nikkei, 3,125.12 for Stoxx, 11,558.04 for Nasdaq; 75% of initial level
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| Pricing date: | Oct. 21
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| Settlement date: | Oct. 26
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| Agents: | Goldman Sachs & Co. and UBS Financial Services Inc.
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| Fees: | 0.75%
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| Cusip: | 36261U549
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