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Published on 9/23/2021 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $6.58 million index-linked trigger notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Sept. 23 – GS Finance Corp. priced $6.58 million of 0% index-linked trigger notes due July 20, 2022 tied to 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 index finishes at or above 85% of its initial level, the payout at maturity will be par plus 5.85%.

Otherwise, investors will be fully exposed to the losses of the index.

Goldman Sachs & Co. LLC is the underwriter. JPMorgan is working as the placement agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Index-linked trigger notes
Underlying index:S&P 500
Amount:$6,583,000
Maturity:July 20, 2022
Coupon:0%
Price:Par
Payout at maturity:If the index finishes at or above 85% of initial level, par plus 5.85%; otherwise, full exposure to losses of index
Initial index level:4,352.34
Trigger level:85% of initial level
Pricing date:July 2
Settlement date:July 8
Underwriter:Goldman Sachs & Co. LLC
Placement agent:JPMorgan Securities LLC
Fees:1%
Cusip:40057HSW1

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