Published on 12/31/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $650,000 leveraged index-linked notes on Euro Stoxx 50
By Kiku Steinfeld
Chicago, Dec. 31 – GS Finance Corp. priced $650,000 of 0% leveraged index-linked notes due Dec. 5, 2023 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 3 times the index return, capped at $1,270 per $1,000 of notes.
If the index is flat or declines by up to 25%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Issue: | Leveraged index-linked notes
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Underlying index: | Euro Stoxx 50
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Amount: | $650,000
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Maturity: | Dec. 5, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus 3 times the index return capped at $1,270 per $1,000 of notes; if the index is flat or declines by up to 25%, par; otherwise, investors will be fully exposed to the decline of the index
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Initial index level: | 3,492.54
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Trigger level: | 75% of initial level
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Pricing date: | Nov. 30
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Settlement date: | Dec. 3
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 3%
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Cusip: | 40057EST5
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