Published on 8/26/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $7.18 million index-linked notes on Russell, S&P
By Taylor Fox
New York, Aug. 26 – GS Finance Corp. priced $7.18 million of 0% index-linked notes due March 24, 2022 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above 70% of its initial level, the payout will be par plus 8.65%
If either index falls more than 30%, the investors will be fully exposed to the losses of the worst performer.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying indexes: | Russell 2000 index, S&P 500 index
|
| Amount: | $7,179,000
|
| Maturity: | March 24, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above the trigger buffer level, the payout will be par plus 8.65%; if either index falls by more than the trigger buffer level, investors will be fully exposed to losses of worst performer
|
| Initial index levels: | 3,906.71 for S&P, 2,266.689 for Russell
|
| Trigger buffer levels: | 70% of initial levels
|
| Pricing date: | Feb. 19
|
| Settlement date: | Feb. 24
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.53%
|
| Cusip: | 40057FGY4
|
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