Published on 12/26/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.37 million index-linked notes on Russell, S&P
By Taylor Fox
New York, Dec. 30 – GS Finance Corp. priced $1.37 million of 0% index-linked notes due Dec. 5, 2024 tied to the Russell 2000 Value index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout will be par plus 187% of the return of the lesser performing index.
If either index falls, investors will be fully exposed to the losses of the worst performer.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | Russell 2000 Value, S&P 500
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Amount: | $1,372,000
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Maturity: | Dec. 5, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes above its initial level, par plus 187% of the return of lesser performing index; if either index falls, full exposure to losses of worst performer
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Initial index levels: | 3,621.63 for S&P, 1,831.193 for Russell
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Pricing date: | Nov. 30
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Settlement date: | Dec. 3
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.9%
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Cusip: | 40057EMV6
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