Published on 3/24/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $391,000 leveraged notes tied to Euro Stoxx 50
By Marisa Wong
Los Angeles, March 24 – GS Finance Corp. priced $391,000 of 0% leveraged index-linked notes due Feb. 26, 2027 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 1.3 times the index return.
If the index falls by up to 30%, investors will receive par plus the absolute value of the index return. 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.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged index-linked notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $391,000
|
| Maturity: | Feb. 26, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.3 times any index gain; if the index falls by up to 30%, par plus absolute value of index return; otherwise, full exposure to index decline below initial level
|
| Initial index level: | 3,713.46
|
| Pricing date: | Feb. 19
|
| Settlement date: | Feb. 24
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.625% (includes selling concession of up to 3.25%); in addition, structuring fee of up to 0.5% and marketing fee of 0.6%
|
| Cusip: | 40057FEX8
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
