Published on 2/26/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $735,000 index-linked notes on FTSE, Stoxx
By Wendy Van Sickle
Columbus, Ohio, Feb. 26 – GS Finance Corp. priced $735,000 of 0% index-linked notes due Feb. 23, 2026 linked to the lesser performing of the FTSE 100 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 final level of each index is zero or positive, the payout at maturity will be par plus 1.45 times the return of the lesser performing index.
If either index falls but the return of each index is at least negative 50%, the payout will be par.
If either index falls by more than 50%, investors will be exposed to the decline of the lesser-performing index.
Goldman, Sachs & Co. 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: | FTSE 100, Euro Stoxx 50
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Amount: | $735,000
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Maturity: | Feb. 23, 2026
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | If the final level of each index is zero or positive, par plus 1.45 times return of the lesser performing index; if either index falls but the return of each index is at least negative 50%, par; if either index falls by more than 50%, investors will be exposed to the decline of the worse performing index
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Initial index levels: | 6,617.15 for FTSE and 3,681.04 for Stoxx
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Pricing date: | Feb. 18
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Settlement date: | Feb. 23
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 4.45%
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Cusip: | 40057FFS8
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