Published on 5/18/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $7.49 million autocallables linked to Nasdaq-100
By Kiku Steinfeld
Chicago, May 18 – GS Finance Corp. priced $7.49 million of 0% autocallable index-linked notes due May 6, 2024 tied to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus a 10.35% annualized premium if the index closes at or above its initial level on May 4, 2022 or April 27, 2023.
If the index return is positive, the payout at maturity will be par plus the index return. If the index return is negative, investors will lose 1% for every 1% that the index declines from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | Nasdaq-100
|
| Amount: | $7,486,000
|
| Maturity: | May 6, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus index return; if index return is negative, 1% loss for every 1% that index declines from initial level
|
| Call: | At par plus 10.35% per year if index closes at or above initial level on May 4, 2022 or April 27, 2023
|
| Initial level: | 13,960.28
|
| Pricing date: | April 27
|
| Settlement date: | April 30
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.375%
|
| Cusip: | 40057H2C3
|
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