Published on 10/1/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $508,000 underlier-linked notes on Russell, Nasdaq, EAFE ETF
By William Gullotti
Buffalo, N.Y., Oct. 1 – GS Finance Corp. priced $508,000 of 0% underlier-linked notes due July 17, 2026 linked to the Russell 2000 index, the Nasdaq-100 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each underlier finishes at or above its initial value, the payout at maturity will be par plus 1.26 times the return of the lesser-performing underlier.
If either underlier falls but neither falls by more than 20%, the payout will be par.
Otherwise, investors will lose 1% for each 1% that the lesser-performing underlier declines from its initial value.
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: | Underlier-linked notes
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Underlying assets: | Russell 2000 index, Nasdaq-100 index, iShares MSCI EAFE ETF
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Amount: | $508,000
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Maturity: | July 17, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.26 times any gain in lesser-performing underlier; par if either underlier falls but neither falls by more than 20%; 1% loss for every 1% decline in lesser-performing underlier from initial value
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Initial values: | $79.66 for ETF, 2,202.358 for Russell, 14,900.44 for Nasdaq
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Barrier level: | 80% of initial levels
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Pricing date: | July 14
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Settlement date: | July 19
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 4.125%
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Cusip: | 40057HUU2
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