Published on 1/5/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.45 million index-linked notes on S&P, Nasdaq, Russell
By Wendy Van Sickle
Columbus, Ohio, Jan. 5 – GS Finance Corp. priced $1.45 million of 0% index-linked notes due Dec. 23, 2025 tied to the least performing of the Russell 2000 index, the Nasdaq-100 index and the S&P 500 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 110% of the return of the least-performing index if all three indexes finish at or above their initial levels. The payout will be par plus the absolute value of the least performing index if the least performing index falls by up to 30%. Otherwise, investors will lose 1% for every 1% that the least performing index declines.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Index-linked notes
|
Underlying indexes: | Russell 2000 index, Nasdaq-100 index, S&P 500 index
|
Amount: | $1.45 million
|
Maturity: | Dec. 23, 2025
|
Coupon: | 0%
|
Price: | Par of $1,000
|
Payout at maturity: | Par plus 110% of the return of the least performing index if all indexes finish above initial level; par plus absolute value of least performing index if least performing index falls by up to 30%; otherwise 1% loss for every 1% decline of least performing index
|
Initial levels: | 12,738.18 for Nasdaq, 3,709.41 for S&P, 1,969.986 for Russell
|
Pricing date: | Dec. 18
|
Settlement date: | Dec. 23
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 4.65%
|
Cusip: | 40057EVX2
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.