Published on 4/8/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.02 million index-linked notes on S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, April 8 – GS Finance Corp. priced $2.02 million of 0% index-linked notes due March 28, 2024 linked 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 value, the payout at maturity will be par plus 162% the return of the lesser-performing index.
Investors will be fully exposed to any decline in the worst-performing asset.
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 assets: | S&P 500 index and Russell 2000 index
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Amount: | $2,023,000
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Maturity: | March 28, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 162% of any gain in lesser-performing asset; 1% loss for every 1% decline in lesser-performing asset from initial level
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Initial values: | 2,183.121 for Russell and 3,909.52 for S&P
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Pricing date: | March 25
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Settlement date: | March 30
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 1.375%
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Cusip: | 40057FSF2
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