Published on 5/1/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $844,000 index-linked notes on S&P, Russell
Chicago, May 3 – GS Finance Corp. priced $844,000 of 0% index-linked notes due March 19, 2026 linked to the least 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 1.4975 times the return of the least performing index.
If the least performing index falls by up to 30%, the payout will be par.
Otherwise, investors will be exposed to any losses of the lesser-performing index from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying indexes: | S&P 500 index, Russell 2000 index
|
| Amount: | $844,000
|
| Maturity: | March 19, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the return of each index is zero or positive, par plus 1.4975 times the return of least performing index; if either index falls but the return of each index is at least negative 30%, par; if either index falls by more than 30%, investors will be exposed to the decline of the worst performing index from its initial level
|
| Initial levels: | 3,968.94 for S&P 500, 2,360.168 for Russell
|
| Barrier level: | 70% of initial levels
|
| Pricing date: | March 15
|
| Settlement date: | March 18
|
| Agent | Goldman Sachs & Co. LLC
|
| Fees: | 0.85%
|
| Cusip: | 40057FRJ5
|
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