Published on 7/21/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $544,000 underlier-linked notes on indexes, ETF
By Wendy Van Sickle
Columbus, Ohio, July 21 – GS Finance Corp. priced $544,000 of 0% underlier-linked notes due June 1, 2026 linked to the least performing of the Nasdaq-100 index, the Russell 2000 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 level, the payout will be par plus 1.6 times the return of the least-performing underlier.
If the laggard underlier falls by up to 20%, the payout will be par. Investors will be exposed to the decline of the least performer beyond 20%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable contingent coupon underlier-linked notes
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| Underlying assets: | Nasdaq-100 index, Russell 2000 index and ARK Innovation ETF
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| Amount: | $544,000
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| Maturity: | June 1, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 1.6 times any gain of laggard underlier; par if laggard underlier falls by up to 20%; otherwise, exposure to losses of worst performer beyond 20%
|
| Initial levels: | 13,657.85 for Nasdaq, 2,273.073 for Russell, $122.28 for ARK
|
| Pricing date: | May 27
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| Settlement date: | June 2
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 1.36%
|
| Cusip: | 40057HF54
|
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