Published on 10/22/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $8.85 million autocallables linked to EAFE ETF, Russell
By Wendy Van Sickle
Columbus, Ohio, Oct. 22 – GS Finance Corp. priced $8.85 million of 0% autocallable underlier-linked notes due Oct. 23, 2023 linked to the Russell 2000 index and the iShares MSCI EAFE ETF, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus a 9% annualized premium if the lesser-performing underlier closes at or above its initial level on any semiannual observation date.
If the lesser-performing underlier finishes at or above its initial level, the payout at maturity will be par plus 18%.
If the worst performer falls by up to 20%, the payout will be par. Otherwise, investors will lose 1.25% for each 1% decline of the worst performer beyond 20%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable underlier-linked notes
|
| Underlying assets: | Russell 2000 index, iShares MSCI EAFE ETF
|
| Amount: | $8,853,000
|
| Maturity: | Oct. 23, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the lesser-performing underlier finishes at or above its initial level, par plus 18%; if the worst performer declines by up to 20%, par; otherwise, 1.25% loss for each 1% decline of laggard asset beyond 20%
|
| Call: | Automatically at par plus 9% annualized premium if lesser-performing underlier closes at or above initial level on April 18, 2022, Oct. 18, 2022 or April 18, 2023
|
| Initial levels: | 2,267.843 for index, $79.64 for fund
|
| Buffer levels: | 80% of initial levels
|
| Pricing date: | Oct. 19
|
| Settlement date: | Oct. 22
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.2%
|
| Cusip: | 40057JUS3
|
|
|
|
|
© 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.
