Published on 9/10/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $887,000 index-linked notes on Russell, S&P, Nasdaq
By William Gullotti
Buffalo, N.Y., Sept. 10 – GS Finance Corp. priced $887,000 of 0% index-linked notes due June 30, 2026 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each index is zero or positive, the payout at maturity will be par plus 1.312 times the return of the least performing index.
If the least performing index falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the worst performer beyond 20%.
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, Nasdaq-100 index
|
Amount: | $887,000
|
Maturity: | June 30, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the return of each index is zero or positive, par plus 1.312 times the return of the least performing index; if any index falls but the final underlier level of each is greater than or equal to the 80% trigger buffer level, par; if any index falls by more than 20%, investors will lose 1% for every 1% decline of the worst performer below the buffer
|
Initial levels: | 2,334.396 for Russell, 4,280.7 for S&P, 14,345.18 for Nasdaq
|
Trigger buffer levels: | 80% of initial levels
|
Pricing date: | June 25
|
Settlement date: | June 30
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 0.53%
|
Cusip: | 40057HNV8
|
|
© 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.