Published on 10/15/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $10.24 million index-linked notes on Russell, Stoxx, Nasdaq
By Wendy Van Sickle
Columbus, Ohio, Oct. 15 – GS Finance Corp. priced $10.24 million of 0% index-linked notes due April 19, 2023 linked to the least performing of the Russell 2000 index, the Euro Stoxx 50 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 final level of each index is at least 70% of its initial level, the payout at maturity will be par plus 11.2%.
Otherwise, investors will be fully exposed to any losses of the worst performing index from its initial level.
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: | Index-linked notes
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Underlying indexes: | Russell 2000 index, Euro Stoxx 50 index, Nasdaq-100 index
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Amount: | $10,237,000
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Maturity: | April 19, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final level of each index is at least 70% of its initial level, par plus 11.2%; if any index falls by more than 30%, full exposure to the decline of the worst performing index from its initial level
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Initial levels: | 2,234.271 for Russell, 4,055.09 for Stoxx, 14,662.11 for Nasdaq
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Pricing date: | Oct. 12
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Settlement date: | Oct. 19
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.5%
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Cusip: | 40057JSP2
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