Published on 8/26/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.08 million index-linked notes on Russell, S&P
By Taylor Fox
New York, Aug. 26 – GS Finance Corp. priced $1.08 million of 0% index-linked notes due Feb. 26, 2026 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 80% of its initial level, the payout will be the greater of the threshold settlement amount of $1,315 and par plus lesser performer index return.
If either index falls more than 20%, 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: | $1,077,000
|
| Maturity: | Feb. 26, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above 80% of its initial level, the payout will be the greater of the threshold settlement amount of $1,315 and par plus lesser performer index return; if either index falls by more than the trigger buffer level, full exposure to losses of worst performer
|
| Initial index levels: | 3,906.71 for S&P, 2,266.689 for Russell
|
| Trigger buffer levels: | 80% of initial levels
|
| Pricing date: | Feb. 19
|
| Settlement date: | Feb. 26
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.35%
|
| Cusip: | 40057FHR8
|
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