Published on 3/22/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $75,000 index-linked notes on Dow, S&P
By Wendy Van Sickle
Columbus, Ohio, March 22 – GS Finance Corp. priced $75,000 of 0% index-linked notes due March 3, 2026 linked to the least performing of the S&P 500 index and the Dow Jones industrial average, 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 1.05 times the return of the least performing index.
If either index falls but the return of each index is at least negative 30%, the payout will be par.
If either index falls by more than 30%, investors will be exposed to the decline of the worst performing index.
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: | Dow Jones industrial average, S&P 500
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| Amount: | $75,000
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| Maturity: | March 3, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the return of each index is zero or positive, par plus 1.05 times 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
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| Initial levels: | Lowest of closing levels and Feb. 26, March 26 and April 26, 2021
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| Pricing date: | Feb. 26
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| Settlement date: | March 3
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| Agent | Goldman, Sachs & Co. LLC
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| Fees: | 1.06%
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| Cusip: | 40057FCK8
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