Published on 3/18/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $3.43 million index-linked notes on S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, March 18 – GS Finance Corp. priced $3.43 million of 0% index-linked notes due March 2, 2023 linked to the lesser performing of the S&P 500 index and 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 return of each index is zero or positive, the payout at maturity will be par plus the return of the lesser performing index, capped at par plus 24%.
If either index falls but the return of each index is at least negative 15%, the payout will be par.
If either index falls by more than 15%, investors will be exposed to the decline of the lesser-performing index beyond 15%.
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, Russell 2000
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Amount: | $3,427,00
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Maturity: | March 2, 2023
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | If the return of each index is zero or positive, par plus return of the lesser performing index up to a maximum payout of par Lus 24%; if either index falls but the return of each index is at least negative 15%, par; if either index falls by more than 15%, investors will be exposed to the decline of the worse performing index beyond 15%
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Initial index levels: | 3,811.15 for S&P, 2,201.051 for Russell
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Pricing date: | Feb. 26
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Settlement date: | March 3
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Underwriter: | Goldman, Sachs & Co. LLC
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Fees: | 0.66%
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Cusip: | 40057FDG6
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