Published on 7/27/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $16.61 million capped airbag gears tied to S&P 500
By William Gullotti
Buffalo, N.Y., July 27 – GS Finance Corp. priced $16.61 million of 0% capped airbag gears due July 27, 2023 linked 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 index return is positive, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum settlement amount of 20.53%. Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% index decline beyond 10%.
Goldman Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. as selling agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Capped airbag gears
|
Underlying index: | S&P 500
|
Amount: | $16,613,500
|
Maturity: | July 27, 2023
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 1.5 times any index gain, capped at 20.53%; par if the index falls by up to 10%; 1.1111% loss for each 1% index decline beyond 10%
|
Initial level: | 4,367.48
|
Buffer level: | 90% of initial level
|
Pricing date: | July 22
|
Settlement date: | July 28
|
Underwriter: | Goldman Sachs & Co. LLC
|
Selling agent: | UBS Financial Services Inc.
|
Fees: | 0%
|
Cusip: | 36261B467
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.