New Issue: GS Finance prices $384,000 underlier-linked notes on S&P, EM ETF

By Kiku Steinfeld

Chicago, May 31 – GS Finance Corp. priced $384,000 of 0% underlier-linked notes due Nov. 1, 2024 linked to the S&P 500 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If t each asset return is zero or positive, the payout at maturity will be the lesser return, capped at 36%.

If any asset falls by up to 25%, the payout will be par. If any asset falls by more than 25%, investors will be fully exposed to the decline of the least performing asset.

Goldman, Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Underlier-linked notes
Underlying assets:	iShares MSCI Emerging Markets ETF, S&P 500 index
Amount:	$384,000
Maturity:	Nov. 1, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each asset return is zero or positive, par plus the lesser return, capped at 36%; if any asset falls by up to 25%, par; otherwise, full exposure to losses of lesser performer
Initial values:	$50.92 for ETF, 4,605.38 for S&P
Threshold levels:	75% of initial levels
Pricing date:	Oct. 29, 2021
Settlement date:	Nov. 3, 2021
Underwriter:	Goldman, Sachs & Co. LLC
Fees:	1.2%
Cusip:	40057JVC7

© 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.