Published on 2/8/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1.29 million index-linked notes on Russell 2000
By Kiku Steinfeld
Chicago, Feb. 8 – GS Finance Corp. priced $1.29 million of 0% index-linked notes due Jan. 31, 2024 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus the index return, capped at $1,580 per $1,000 of notes.
Investors will receive par if the index falls by up to 30%.
If the index falls beyond 30%, investors will lose 1% for every 1% decline of the index.
Goldman Sachs & Co. LLC is the underwriter.
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 index: | Russell 2000
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Amount: | $1,285,000
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Maturity: | Jan. 31, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus the index return, capped at $1,580 per $1,000 of notes; par if the index falls by up to 30%; otherwise 1% loss for every 1% decline
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Initial index level: | 2,149.856
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Pricing date: | Jan. 26
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Settlement date: | Jan. 29
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.3%
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Cusip: | 40057FAV6
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