Published on 7/21/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1.04 million of autocallables linked to Nasdaq, S&P
By Emma Trincal
New York, July 21 – GS Finance Corp. priced $1.04 million of 0% autocallable index-linked notes due July 23, 2026 tied to the least performing of the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus 24.12% if each index closes at or above 110% of its initial level on Jan 16, 2024.
If the notes are not called and each index finishes at or above its initial level, the payout at maturity will be par plus double the return of the least performing index.
If the worst performing index finishes negative but at or above its 70% downside threshold level, the payout will be par. If it finishes below its downside threshold level, investors will be fully exposed to the decline of that index from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | Nasdaq-100 index and S&P 500 index
|
| Amount: | $1,035,000
|
| Maturity: | July 23, 2026
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Call: | At par plus 24.12% if each index closes at or above 110% of its initial level on Jan. 16, 2024
|
| Payout at maturity: | Par plus 2 times any gain in least performing index; par if any index falls by up to 30%, otherwise, exposure to decline of worst performing index from its initial level
|
| Initial levels: | 14,681.38 for Nasdaq, 4,327.16 for S&P
|
| Trigger levels: | 10,276.96 for Nasdaq, 3,029.01 for S&P, 70% of initial levels
|
| Pricing date: | July 16
|
| Settlement date: | July 21
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.5%
|
| Cusip: | 40057HV80
|
© 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.
