Published on 7/14/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1.68 million index-linked trigger notes on S&P 500
By William Gullotti
Buffalo, N.Y., July 14 – GS Finance Corp. priced $1.68 million of 0% index-linked trigger notes due July 27, 2022 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.
If the final level of the index is equal to or greater than 85% of the initial level, the payout at maturity will be par plus 5.95%.
Otherwise, investors will be fully exposed to the losses of the index.
Goldman Sachs & Co. LLC is the underwriter. JPMorgan is working as the placement agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked trigger notes
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Underlying index: | S&P 500
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Amount: | $1,675,000
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Maturity: | July 27, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final level of the index is equal to or greater than the trigger level, par plus 5.95%; otherwise, full exposure to index decline from its initial level
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Initial index level: | 4,369.55
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Trigger level: | 85% of initial level
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Pricing date: | July 9
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Settlement date: | July 14
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Underwriter: | Goldman Sachs & Co. LLC
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Placement agent: | JPMorgan Securities LLC
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Fees: | 1%
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Cusip: | 40057HUP3
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