Published on 2/20/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.51 million leveraged buffered basket-linked notes
By Taylor Fox
New York, Feb. 22 – GS Finance Corp. priced $2.51 million of 0% leveraged buffered notes due June 2, 2022 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 60% weight and the MSCI EAFE index with an 40% weight.
The payout at maturity will be par plus 1.5 times the basket gain up to $1,120 per $1,000 of notes.
Investors will receive par if the basket finishes flat or falls by up to 5% and will lose 1% for every 1% decline beyond 5%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered basket-linked notes
|
| Underlying indexes: | S&P 500 index with a 60% weight and the MSCI EAFE index with a 40% weight
|
| Amount: | $2,506,000
|
| Maturity: | June 2, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is positive, par plus 1.5 times basket gain, up to $1,120 per $1,000 of notes; par if basket finishes flat or declines by up to 5%; 1% loss for every 1% decline beyond 5%
|
| Initial levels: | 3,750.77 for S&P and 2,170.28 for MSCI
|
| Buffer level: | 95% of initial level
|
| Pricing date: | Jan. 27
|
| Settlement date: | Jan. 29
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.1%
|
| Cusip: | 40057F7D0
|
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