Published on 7/14/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $820,000 autocallables linked to S&P 500
By Kiku Steinfeld
Chicago, July 14 – GS Finance Corp. priced $820,000 of 0% autocallable index-linked notes due June 4, 2024 tied to the S&P 500 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 an annualized premium of 8.3% if the index closes at or above its initial level on June 1, 2022 or May 25, 2023.
If the notes are not called and the index return is positive, the payout at maturity will be par plus the index return. Otherwise, investors will be fully exposed to the losses of the index.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $820,000
|
| Maturity: | June 4, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes above its initial level, par plus the index return; otherwise, full exposure to the losses of the index
|
| Call: | Automatically at par plus an annualized premium of 8.3% if the index closes at or above its initial level on June 1, 2022 or May 25, 2023
|
| Initial level: | 4,188.13
|
| Pricing date: | May 25
|
| Settlement date: | May 28
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 2.5%
|
| Cusip: | 40057HC73
|
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