Published on 3/10/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.25 million index-linked notes on Russell 2000 Value, S&P
By Kiku Steinfeld
Chicago, March 10 – GS Finance Corp. priced $1.25 million of 0% index-linked notes due Feb. 27, 2026 tied to the S&P 500 index and the Russell 2000 Value 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, par plus 1.332 times the least performing index return; if any index falls by up to 15%, par; 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.
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| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
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| Underlying indexes: | S&P 500, Russell 2000 Value index
|
| Amount: | $1,247,000
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| Maturity: | Feb. 27, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each index finishes at or above its initial level, par plus 1.332 times least performing index return; if any index falls by up to 15%, par; if any index falls by more than 15%, investors will be fully exposed to the decline of least performing index beyond 15%
|
| Initial index levels: | 3,925.43 for S&P, 2,354.555 for Russell
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| Coupon trigger/buffer levels: | 85% of initial levels
|
| Pricing date: | Feb. 24
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| Settlement date: | March 1
|
| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.65%
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| Cusip: | 40057FJS4
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