Published on 12/4/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $5.97 million index-linked notes on S&P, Stoxx
Chicago, Dec. 4 – GS Finance Corp. priced $5.97 million of 0% index-linked notes due March 29, 2029 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.
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: | $5,968,000
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Maturity: | March 29, 2029
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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; otherwise, par
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Initial index levels: | 3,974.54 for S&P, 3,866.68 for Stoxx
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Pricing date: | March 26
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Settlement date: | March 31
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.906%
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Cusip: | 40057FS62
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