Published on 11/11/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $2.4 million buffered notes linked to Euro Stoxx 50
By Kiku Steinfeld
Chicago, Nov. 12 – GS Finance Corp. priced $2.4 million of 0% buffered index-linked notes due July 30, 2026 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 return. Investors will receive par if the index falls by up to 25% and lose 1% for every 1% decline in the index beyond 25%.
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: | buffered index-linked notes
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Underlying index: | Euro Stoxx 50
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Amount: | $2,396,000
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Maturity: | July 30, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus index return; par if index falls by up to 25%; 1% loss for every 1% decline beyond 25%
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Initial index level: | 4,064.83
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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: | 3.79%
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Cusip: | 40057HR85
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