Published on 1/11/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.49 million trigger securities tied to Russell 1000
By Cady Vishniac
Detroit, Jan. 11 – GS Finance Corp. priced $2.49 million of 0% trigger securities due Dec. 31, 2025 linked to the Russell 1000 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final index value is greater than the initial value, the payout at maturity will be par of $10 plus the index gain.
If the final index value is equal to or less than the initial value but greater than or equal to the 75.5% downside threshold, the payout will be par. Otherwise, investors will be fully exposed to the decline of the index below its initial value.
Goldman Sachs & Co. LLC is the agent. UBS Financial Services Inc. is acting as selling agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger securities
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| Underlying index: | Russell 1000 Value index
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| Amount: | $2,494,000
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| Maturity: | Dec. 31, 2025
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus any index gain; if index falls but finishes at or above downside threshold, par; otherwise, full exposure to losses
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| Initial value: | 1,337.055
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| Downside threshold: | 1,009.477, or 75.5% of initial value
|
| Pricing date: | Dec. 28
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| Settlement date: | Dec. 31
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| Agents: | Goldman Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
|
| Fees: | 3.85%
|
| Cusip: | 36259Q864
|
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