Published on 11/22/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $709,000 buffered basket-linked notes on indexes
By Taylor Fox
New York, Nov. 23 – GS Finance Corp. priced $709,000 of 0% buffered basket-linked notes due Nov. 18, 2026 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Russell 2000 index with a 33.33% weight, the Dow Jones industrial average with a 33.33% weight and the Euro Stoxx 50 index with a 33.33% weight.
The payout at maturity will be par plus the basket gain.
Investors will receive par if the basket finishes flat or falls by up to 20.25% and will lose 1% for every 1% decline beyond 20.25%.
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: | Buffered basket-linked notes
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Underlying indexes: | Russell 2000 index with a 33.33% weight, the Dow Jones industrial average with a 33.33% weight and the Euro Stoxx 50 index with a 33.33% weight
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Amount: | $709,000
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Maturity: | Nov. 18, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus basket gain; par if basket finishes flat or declines by up to 20.25%; 1% loss for every 1% decline beyond 20.25%
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Initial levels: | 29,479.81 for Dow, 3,432.07 for Stoxx, 1,744.042 for Russell
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Buffer levels: | 79.75% of initial levels
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Pricing date: | Nov. 13
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Settlement date: | Nov. 18
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.875%
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Cusip: | 40057EMH7
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