Published on 4/6/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $752,000 index-linked notes on S&P, Dow
By Wendy Van Sickle
Columbus, Ohio, April 6 – GS Finance Corp. priced $752,000 of 0% index-linked notes due March 24, 2024 linked to the least performing of the S&P 500 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 the return of each index is zero or positive, the payout at maturity will be par plus 1.062 times the return of the least performing index.
If either index falls but the return of each index is at least negative 20%, the payout will be par.
If either index falls by more than 20%, investors will be exposed to the decline of the worst performing index beyond 20%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| 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
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| Amount: | $752,000
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| Maturity: | March 24, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the return of each index is zero or positive, par plus 1.062 times return of least performing index ; if either index falls but the return of each index is at least negative 20%, par; if either index falls by more than 20%, investors will be exposed to the decline of the worst performing index beyond 20%
|
| Initial levels: | 3,913.1 for S&P 500, 32,627.97 for Dow
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| Pricing date: | March 19
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| Settlement date: | March 24
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| Agent | Goldman Sachs & Co. LLC
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| Fees: | 1.09%
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| Cusip: | 40057FS39
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