Published on 6/15/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $3.67 million autocallable index-linked notes on three indexes
By William Gullotti
Buffalo, N.Y., June 15 – GS Finance Corp. priced $3.67 million of 0% autocallable index-linked notes due May 23, 2024 tied to the S&P 500 index, the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on any quarterly call observation date after one year, the notes will be called at par plus an annualized rate of 13.45%.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 40.35%.
If the worst performer finishes below its initial level but above 85% of its initial level, the payout will be par.
If any index falls by more than 15%, investors will be exposed to the losses of the lesser-performing index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | S&P 500 index, Euro Stoxx 50 index, Russell 2000 index
|
| Amount: | $3,670,000
|
| Maturity: | May 23, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and each index finishes at or above its initial level, par plus 40.35%; if worst performer finishes below initial level but above 85% of initial level, par; if any index falls by more than 15%, investors will be exposed to losses of lesser-performing index from initial level
|
| Call: | If each index closes at or above initial level on any quarterly observation date after one year, notes will be called at par plus an annual rate of 13.45%
|
| Initial index levels: | 4,159.12 for S&P, 3,999.91 for Stoxx, 2,207.76 for Russell
|
| Barrier levels: | 85% of initial levels
|
| Pricing date: | May 20
|
| Settlement date: | May 25
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2%
|
| Cusip: | 40057HE97
|
© 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.
