Published on 8/26/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $3.12 million trigger PLUS linked to basket of three indexes
By William Gullotti
Buffalo, N.Y., Aug. 26 – GS Finance Corp. priced $3.12 million of 0% trigger Performance Leveraged Upside Securities due Aug. 25, 2027 linked to an equally weighted basket consisting of the Euro Stoxx 50 index, the S&P 500 index and the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par of $10 plus 148% of the basket return. If the basket declines by 25% or less, the payout will be par. If the basket declines by more than 25%, investors will lose 1% for every 1% that the basket declines from its initial level.
Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is a dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger Performance Leveraged Upside Securities
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| Underlying indexes: | Euro Stoxx 50 index, S&P 500 index, Topix index; 33.33% weight each
|
| Amount: | $3,120,000
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| Maturity: | Aug. 25, 2027
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If final basket level is greater than initial level, par plus 148% of basket return; if final basket level is less than initial basket level but greater than or equal to trigger level, par; if final basket level is less than trigger level, 1% loss for every 1% that basket declines from initial level
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| Initial index levels: | 4,147.5 for Stoxx, 4,441.67 for S&P, 1,880.68 for Topix
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| Trigger level: | 70% of initial level
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| Pricing date: | Aug. 20
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| Settlement date: | Aug. 25
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| Underwriter: | Goldman Sachs & Co. LLC
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| Selected dealer: | Morgan Stanley Wealth Management
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| Fees: | 3.5%
|
| Cusip: | 36261B814
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