Published on 2/7/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $742,000 index-linked notes on Russell, Nasdaq, S&P
By Kiku Steinfeld
Chicago, Feb. 8 – GS Finance Corp. priced $742,000 of 0% index-linked notes due Jan. 29, 2026 tied to 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.
At maturity, if the return of all three indexes is greater than or equal to 70% of their initial levels, the payout will be the maximum settlement amount of $1,200 per $1,000 principal amount of notes.
Otherwise, investors will be exposed to any losses of the least performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. 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: | Russell 2000, Nasdaq-100 and S&P 500
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Amount: | $742,000
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Maturity: | Jan. 29, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of all three indexes is greater than or equal to 70% of their initial levels, $1,200 per $1,000 principal amount of notes; otherwise, exposure to any losses of the least performing index
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Initial levels: | 13,490.19 for Nasdaq, 2,149.856 for Russell, 3,849.62 for S&P
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Pricing date: | Jan. 26
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Settlement date: | Jan. 29
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Agent: | Goldman Sachs & Co.
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Fees: | 4.475%
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Cusip: | 40057EY43
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