Published on 7/21/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $527,000 autocallable index-linked notes on S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, July 21 – GS Finance Corp. priced $527,000 of 0% autocallable index-linked notes due June 4, 2024 tied to the S&P 500 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 May 27, 2022 or May 30, 2023, the notes will be called at par plus 8.5% a year.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 25.5%.
If the worst performer finishes above 65% of its initial level, the payout will be par.
If any index falls by more than 35%, investors will lose 1% for every 1% decline of the worst performer.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | Autocallable index-linked notes
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| Underlying indexes: | S&P 500 index, Russell 2000 index
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| Amount: | $527,000
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| Maturity: | June 4, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the notes are not called and each index finishes at or above its initial level, par plus 25.5%; if the worst performer finishes at or above above 65% of initial level, par; otherwise, investors will lose 1% for every 1% decline of the worst performer
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| Call: | Automatically if each index closes at or above initial level on May 27, 2022 or May 30, 2023 at par plus 8.5% annualized call premium
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| Initial index levels: | 4,200.88 for S&P, 2,273.073 for Russell
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| Trigger buffer levels: | 65% of initial levels
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| Pricing date: | May 27
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| Settlement date: | June 2
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.87%
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| Cusip: | 40057H6C9
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