Published on 6/30/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $715,000 underlier-linked notes on two indexes, ETF
By William Gullotti
Buffalo, N.Y., June 30 – GS Finance Corp. priced $715,000 of 0% underlier-linked notes due June 26, 2026 linked to the S&P 500 index, the Nasdaq-100 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 value, the payout at maturity will be par plus 1.26 times the return of the worst performing underlier.
If any underlier declines but none fall by more than 50%, the payout will be par.
Otherwise, investors will lose 1% for each 1% that the worst performing underlier declines from its initial level.
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: | Underlier-linked notes
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| Underlying assets: | S&P 500 index, Nasdaq-100 index, ARK Innovation ETF
|
| Amount: | $715,000
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| Maturity: | June 26, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 1.26 times any gain in worst performing asset; par if any underlier declines but none decline by more than 50%; 1% loss for every 1% decline in worst performing asset from its initial level
|
| Initial values: | $123.53 for ETF, 4,241.84 for S&P, 14,274.24 for Nasdaq
|
| Barrier level: | 50% of initial levels
|
| Pricing date: | June 23
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| Settlement date: | June 28
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 4.375%
|
| Cusip: | 40057HNX4
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