Published on 2/9/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $123,000 leveraged notes on Euro Stoxx 50
By Kiku Steinfeld
Chicago, Feb. 9 – GS Finance Corp. priced $123,000 of 0% leveraged index-linked notes due Jan. 29, 2026 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above its initial level, the payout at maturity will be par plus 1.74 times the index return.
If the index falls by up to 25%, the payout will be par. Otherwise, investors will lose 1% for every 1% index decline below the initial level.
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: | Leveraged index-linked notes
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Underlying index: | Euro Stoxx 50
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Amount: | $123,000
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Maturity: | Jan. 29, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.74 times any index gain; if the index falls by up to 25%, par; otherwise, full exposure to decline below initial level
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Initial index level: | 3,592.83
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Trigger level: | 75% of initial level
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Pricing date: | Jan. 26
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Settlement date: | Jan. 29
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 2.35%
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Cusip: | 40057F3D4
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