Published on 5/9/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $3.27 million underlier-linked notes on indexes, ETF
Chicago, May 10 – GS Finance Corp. priced $3.27 million of 0% underlier-linked notes due March 26, 2026 linked to the least performing of the Nasdaq-100 index, the S&P 500 index and the ARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each underlier finishes at or above its initial level, the payout will be par plus 2.25 times the return of the least-performing underlier.
If the laggard underlier falls by up to 50%, the payout will be par. Investors will be fully exposed to the decline of the least performer if it falls by more than 50%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable contingent coupon underlier-linked notes
|
| Underlying assets: | Nasdaq-100 index, S&P 500 index and ARK Innovation ETF
|
| Amount: | $3,270,000
|
| Maturity: | March 26, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2.25 times any gain of laggard underlier; par if laggard underlies falls by up to 50%; otherwise, full exposure to losses of worst performer
|
| Initial levels: | 13,086.51 for Nasdaq, 3,940.59 for S&P, $124.72 for ARK
|
| Trigger buffer levels: | 50% of initial levels
|
| Pricing date: | March 22
|
| Settlement date: | March 25
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 4.475%
|
| Cusip: | 40057FT46
|
© 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.
