Published on 5/25/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.45 million notes tied to GS Momentum Builder
By Marisa Wong
Los Angeles, May 25 – GS Finance Corp. priced $2.45 million of 0% notes due Sept. 29, 2028 linked to the GS Momentum Builder Multi-Asset 5S ER 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 1.5 times any index gain. If the index finishes flat or falls, the payout will be par.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Notes
|
| Underlying index: | GS Momentum Builder Multi-Asset 5 ER index
|
| Amount: | $2,449,000
|
| Maturity: | Sept. 29, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times index return, subject to floor of par
|
| Initial index level: | 111.03
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.9%
|
| Cusip: | 40057FP40
|
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