Published on 9/19/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $173,000 index-linked notes on S&P 500, S&P 500 Value
By Kiku Steinfeld
Chicago, Sept. 20 – GS Finance Corp. priced $173,000 of 0% index-linked notes due June 28, 2024 linked to the least performing of the S&P 500 Value 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.
If the return of each index is zero or positive, the payout at maturity will be par plus 1.2 times the return of the least performing index.
Otherwise, investors will be exposed to the losses of the least performing index.
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: | Index-linked notes
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Underlying indexes: | S&P 500 Value index, S&P 500 index
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Amount: | $173,000
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Maturity: | June 28, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of each index is zero or positive, par plus 1.2 times the return of least performing index; otherwise, full exposure to losses of least performer
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Initial levels: | 1,464.95 for S&P Value, 4,280.70 for S&P 500
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Pricing date: | June 25
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Settlement date: | June 30
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.5%
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Cusip: | 40057HJ68
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