Published on 12/9/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.7 million autocallable index-linked notes on Stoxx, Russell
By Kiku Steinfeld
Chicago, Dec. 9 – GS Finance Corp. priced $1.7 million of 0% autocallable index-linked notes due Aug. 30, 2024 tied to the least performing of the Russell 2000 index and the Euro Stoxx index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus an annualized premium of 10% if each index closes above its initial level on either of two annual call dates.
The payout at maturity will be par plus 30% if both indexes finish at or above their initial levels. The payout will be par if the least performing index falls by up to 25%. Otherwise, investors will lose 1% for every 1% that the least performing index declines.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Autocallable index-linked notes
|
Underlying indexes: | Russell 2000 index, Euro Stoxx 50 index
|
Amount: | $1.7 million
|
Maturity: | Aug. 30, 2024
|
Coupon: | 0%
|
Price: | Par of $1,000
|
Call: | At par plus 10% annualized premium if both indexes close above initial level on either of two annual call dates
|
Payout at maturity: | Par plus 30% if both indexes finish at or above initial levels; par if least performing index falls by up to 25%; otherwise, 1% loss for every 1% decline of least performing index
|
Initial levels: | 4,176.42 for Stoxx, 2,208.295 for Russell
|
Threshold levels: | 75% of initial levels
|
Pricing date: | Aug. 23
|
Settlement date: | Aug. 26
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 3%
|
Cusip: | 40057JA30
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.