Published on 8/13/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $57.18 million notes linked to Bloomberg Commodity
By Marisa Wong
Los Angeles, Aug. 13 – GS Finance Corp. priced $57.18 million of 0% notes due Sept. 12, 2022 linked to the Bloomberg Commodity index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus any index gain. Investors will be fully exposed to any index decline.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Notes
|
| Underlying index: | Bloomberg Commodity index
|
| Amount: | $57,182,000
|
| Maturity: | Sept. 12, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; full exposure to losses
|
| Initial level: | 95.7473
|
| Pricing date: | Aug. 2
|
| Settlement date: | Aug. 9
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | None
|
| Cusip: | 40057J5F9
|
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