Published on 2/6/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $444,000 index-linked notes on S&P, Russell
By Kiku Steinfeld
Chicago, Feb. 8 – GS Finance Corp. priced $444,000 of 0% index-linked notes due Jan. 29, 2026 tied to 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 each index finishes at or above its initial level, the payout at maturity will be par plus 1.1 times the least-performing index return up to 50%.
If any index falls by up to 15%, the payout will be par plus the absolute value of the return of the least performing index.
If any index falls by more than 15%, investors will be fully exposed to the decline of the least performing index beyond 15%.
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: | $444,000
|
Maturity: | Jan. 29, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index finishes at or above its initial level, par plus 1.1 times least performing index return up to 50%; if any index falls by up to 15%, par plus the absolute value of return of least performing index; if any index falls by more than 15%, exposure to decline of least performing index beyond buffer
|
Initial index levels: | 3,849.62 for S&P, 2,149.856 for Russell
|
Buffer levels: | 85% of initial levels
|
Pricing date: | Jan. 26
|
Settlement date: | Jan. 29
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 4.31%
|
Cusip: | 40057EXZ5
|
|
|
|
© 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.