Published on 10/6/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $500,000 index-linked notes on Nasdaq, Russell
By Wendy Van Sickle
Columbus, Ohio, Oct. 6 – GS Finance Corp. priced $500,000 of 0% index-linked notes due Jan. 24, 2023 tied to the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus return of laggard index, capped at $1,282.50 for each $1,000 of notes.
Investors will receive par plus the absolute value of the lesser-performing index return if it falls by up to 10% and will be exposed to any decline of the worst performing index beyond 10%.
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: | Autocallable index-linked notes
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index
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| Amount: | $500,000
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| Maturity: | Jan. 24, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above initial level, par plus return of laggard index, capped at $1,282.50 for each $1,000 of notes; par plus absolute value of return of laggard index if it falls by up to 10%; exposure to loss of laggard index beyond 10%
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| Initial index levels: | 14,549.09 for Nasdaq, 3,928.53 for Russell
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| Pricing date: | July 19
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| Settlement date: | July 22
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1%
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| Cusip: | 40057HWV8
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