Published on 2/14/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $763,000 index-linked notes on Russell, Nasdaq
Chicago, Feb. 14 – GS Finance Corp. priced $763,000 of 0% index-linked notes due April 25, 2023 linked to the lesser performing of the Russell 2000 index and the Nasdaq-100 index, 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 two times the return of the lesser performing index, capped at $1,170 for each $1,000 note.
If the least performing index falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the least performing index declines beyond 15%.
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 index, Nasdaq-100 index
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Amount: | $763,000
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Maturity: | April 25, 2023
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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 flat or positive, par plus two times the return of the lesser performing index, capped at par plus 17%; if any index falls but the final underlier level of each is greater than or equal to the buffer level, par; otherwise, investors will lose 1% for every 1% that the least performing index declines beyond buffer
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Initial levels: | 2,188.211 for Russell, 13,809.30 for Nasdaq
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Buffer levels: | 85% of initial levels
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Pricing date: | April 20, 2021
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Settlement date: | April 23, 2021
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3%
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Cusip: | 40057H2F6
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