Published on 9/21/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $10.11 million index-linked notes on Stoxx, EAFE
By Wendy Van Sickle
Columbus, Ohio, Sept. 21 – GS Finance Corp. priced $10.11 million of 0% index-linked notes due Sept. 21, 2026 tied to the Euro Stoxx 50 index and the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index gains, the payout will be par plus 2.93 times the index return.
If either index falls by up to 30%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the lesser performing index.
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: | Index-linked notes
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Underlying indexes: | Euro Stoxx 50, MSCI EAFE
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Amount: | $10,111,000
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Maturity: | Sept. 21, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par par plus 2.93 times any gain; par if either index falls by up to 30%; otherwise, 1% loss for every 1% decline of the lesser performing index
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Initial index levels: | 4,169.87 | for Stoxx, 2,366.06 for EAFE
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Pricing date: | Sept. 16
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Settlement date: | Sept. 21
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.1978%
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Cusip: | 40057JJE7
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