Published on 4/10/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $455,000 underlier-linked notes on indexes, ETF
By Kiku Steinfeld
Chicago, April 11 – GS Finance Corp. priced $455,000 of 0% underlier-linked notes due Sept. 29, 2026 linked to the S&P 500 Value index, the Nasdaq-100 Technology Sector and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each underlier is flat or positive, the payout at maturity will be par plus 1.08 times the return of the worst-performing asset.
If the return of each underlier is negative but greater than or equal to negative 25%, the payout will be par.
If the worst-performing underlier falls by more than 25%, investors will be exposed to the decline of the worst performer beyond 25% its initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Underlier-linked notes
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| Underlying assets: | S&P 500 Value index, Nasdaq-100 Technology Sector index and iShares MSCI EAFE ETF
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| Amount: | $455,000
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| Maturity: | Sept. 29, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the return of each underlier is flat or positive, par plus 1.08 times return of worst-performing asset; if the return of each underlier is negative but greater than or equal to negative 25%, par; if any underlier falls by more than 25%, exposure to decline of the worst performer beyond 25%
|
| Initial levels: | 9,115.732 for Nasdaq, 1,468.84 for S&P, $80.30 for fund
|
| Buffer levels: | 75% of initial levels
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| Pricing date: | Sept. 24, 2021
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| Settlement date: | Sept. 29, 2021
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 4.375%
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| Cusip: | 40057JMU7
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