Published on 11/9/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $815,000 index-linked notes on S&P, Russell
By Kiku Steinfeld
Chicago, Nov. 9 – GS Finance Corp. priced $815,000 of 0% index-linked notes due July 30, 2026 linked to the least performing of the S&P 500 index and the Russell 2000 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 1.1 times any gain of the least performing index, capped at par plus 50%.
If the least performing index falls by up to 15%, the payout will be par plus its absolute return.
Otherwise, investors will lose 1% for every 1% decline of the worst performer below 15%.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying indexes: | S&P 500 index, Russell 2000 index
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Amount: | $815,000
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Maturity: | July 30, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.1 times any gain of least performing index, capped at par plus 50%; if least performing index falls by up to 15%, par plus its absolute return; if any index falls by more than 15%, 1% loss for every 1% decline of worst performer below buffer
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Initial levels: | 4,401.46 for S&P, 2,191.833 for Russell
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Buffer levels: | 85% of initial levels
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Pricing date: | July 27
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Settlement date: | July 30
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.93%
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Cusip: | 40057HR69
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