Published on 11/10/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $512,000 index-linked notes on S&P, Stoxx
By Kiku Steinfeld
Chicago, Nov. 10 – GS Finance Corp. priced $512,000 of 0% index-linked notes due Aug. 1, 2028 tied to the S&P 500 index and 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 each index closes at or above its initial level, the payout will be par plus the return of the lesser performing index, capped at 40%.
If either index finishes flat or falls, the payout will be par.
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: | S&P 500, Euro Stoxx 50
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Amount: | $512,000
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Maturity: | Aug. 1, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus return of lesser performing index, capped at 40%; otherwise, par
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Initial index levels: | 4,188.13 for S&P, 4,036.04 for Stoxx
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Pricing date: | July 27
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Settlement date: | July 30
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 4.6%
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Cusip: | 40057HST8
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