Published on 9/16/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $4.8 million autocallable index-linked notes on three indexes
By Wendy Van Sickle
Columbus, Ohio, Sept. 16 – GS Finance Corp. priced $4.8 million of 0% autocallable index-linked notes due Sept. 12, 2024 tied to the FTSE 100 index, the Euro Stoxx 50 index and the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level Sept. 20, 2022, the notes will be called at par plus 18.8%.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 2.5 times lesser performing index return.
Investors will be exposed to any losses of the lesser-performing index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Autocallable index-linked notes
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Underlying indexes: | FTSE 100 index, Euro Stoxx 50 index, MSCI EAFE index
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Amount: | $4.8 million
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Maturity: | Sept. 12, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the notes are not called and each index finishes at or above initial level, par plus 2.5 times lesser performing index return; full exposure to any losses of lesser-performing index from initial level
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Call: | Automatically at par plus 18.8% if each index closes at or above its initial level on Sept. 20, 2022
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Initial index levels: | 7,095.53 for FTSE 100, 4,177.15 for Stoxx, 2,380.38 for MSCI EAFE
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Pricing date: | Sept. 8
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Settlement date: | Sept. 13
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.75%
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Cusip: | 40057JHR0
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