Published on 1/7/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $815,000 index-linked notes on S&P, Dow, Russell
By Wendy Van Sickle
Columbus, Ohio, Jan. 7 – GS Finance Corp. priced $815,000 of 0% index-linked notes due Dec. 29, 2025 tied to the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, 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, the payout at maturity will be par plus the least-performing index return.
If the least performing index falls by up to 15%, the payout will be par plus the absolute value of that index’s return.
Investors will be exposed to any 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.
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Issue: | Index-linked notes
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Underlying indexes: | S&P 500, Dow Jones industrial average, Russell 2000
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Amount: | $815,000
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Maturity: | Dec. 29, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above its initial level, par plus least performing index return; if least performing index falls by up to 15%, par plus absolute value of that index’s return; if any index falls by more than 15%, exposure to the decline of the least performing index beyond 15%
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Initial index levels: | 30,129.83 for Dow, 3,690.01 for S&P, 2,007.104 for Russell
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Pricing date: | Dec. 23
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Settlement date: | Dec. 29
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 4.23%
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Cusip: | 40057ERW9
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