Published on 12/26/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $835,000 index-linked notes on S&P, Nasdaq, Russell
By Taylor Fox
New York, Dec. 30 – GS Finance Corp. priced $835,000 of 0% index-linked notes due June 3, 2022 tied to the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index finishes at or above 70% of its initial level, the payout at maturity will be $1,107.5.
If any index falls by more than negative 30%, investors will be fully exposed to the decline of the least performing index.
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: | Index-linked notes
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Underlying indexes: | S&P 500, Nasdaq-100 index, Russell 2000
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Amount: | $835,000
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Maturity: | June 3, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above 70% of its initial level, $1,107.5; if any index falls by more than negative 30%, full exposure to the decline of the least performing index
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Initial index levels: | 3,621.63 for S&P, 12,268.32 for Nasdaq and 1,819.816 for Russell
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Pricing date: | Nov. 30
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Settlement date: | Dec. 3
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.56%
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Cusip: | 40057EPD3
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