E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 8/29/2021 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $270,000 index-linked notes on MSCI EAFE, Stoxx

By Kiku Steinfeld

Chicago, Aug. 30 – GS Finance Corp. priced $270,000 of 0% index-linked notes due July 3, 2025 linked to the lesser performing of the MSCI EAFE index and the Euro Stoxx 50 index, 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 index is zero or positive, the payout at maturity will be par plus 1.5 times the return of the lesser performing index.

If either index falls but the return of each index is at least negative 20%, the payout will be par.

If either index falls by more than 20%, investors will be exposed to the decline of the worse performing index beyond 20%.

Goldman, Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Index-linked notes
Underlying indexes:MSCI EAFE, Euro Stoxx 50
Amount:$270,000
Maturity:July 3, 2025
Coupon:0%
Price:Par
Payout at maturity:If the return of each index is zero or positive, par plus 1.5 times the return of the lesser performing index; if either index falls but the return of each index is at least negative 20%, par; otherwise, investors will be exposed to the decline of the worse performing index beyond 20%
Initial levels:2,304.92 for EAFE, 4,064.30 for Stoxx
Pricing date:June 30
Settlement date:July 6
Underwriter:Goldman Sachs & Co. LLC
Fees:0.5%
Cusip:40057HKV1

© 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.