Published on 8/26/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.17 million autocallable underlier-linked notes on index, ETF
By Taylor Fox
New York, Aug. 26 – GS Finance Corp. priced $1.17 million of 0% autocallable underlier-linked notes due Feb. 26, 2025 linked to the Russell 2000 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus a 13.5% annualized call premium if the lesser-performing asset closes at or above its initial level on any annual call date.
If the lesser-performing asset finishes at or above its initial level, the payout at maturity will be par plus 54%. If the lesser-performing asset falls by up to 30%, the payout will be par. Otherwise, investors will be exposed to the lesser-performing asset’s decline from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable underlier-linked notes
|
| Underlying assets: | Russell 2000 index and iShares MSCI Emerging Markets ETF
|
| Amount: | $1,171,000
|
| Maturity: | Feb. 26, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | Automatically at par plus a 13.5% annualized call premium if lesser-performing asset closes at or above initial level on any annual call observation date
|
| Payout at maturity: | If the lesser-performing asset finishes at or above initial level, par plus 54%; if the final lesser-performing asset falls by up to 30%, the payout will be par; otherwise, investors will be fully exposed to the lesser-performing asset’s decline from its initial level
|
| Initial levels: | 2,266.689 for index, $57.53 for fund
|
| Trigger buffer levels: | 70% of initial levels
|
| Pricing date: | Feb. 19
|
| Settlement date: | Feb. 24
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 2.3%
|
| Cusip: | 40057FEK6
|
|
|
© 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.
