Published on 9/16/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $495,000 index-linked notes on Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Sept. 16 – GS Finance Corp. priced $495,000 of 0% index-linked notes due June 28, 2029 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus the index gain up to par plus 100%. If the index return is negative, the payout will be par.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $495,000
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Maturity: | June 28, 2029
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes at or above its initial level, par plus the index return up to a 100% gain; otherwise, par
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Initial level: | 4,120.66
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Pricing date: | June 25
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Settlement date: | June 30
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 3.5%
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Cusip: | 40057HHL7
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