Published on 4/5/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $19.98 million market-linked notes on Euro Stoxx 50
By Marisa Wong
Los Angeles, April 5 – GS Finance Corp. priced $19.98 million of 0% market-linked notes due April 5, 2028 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
The securities are guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus the index gain, capped at $15.70 per note. If the index finishes flat or declines, investors will receive par.
Goldman Sachs & Co. LLC is the underwriter with Morgan Stanley Wealth Management as dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Market-linked notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $19,980,840
|
| Maturity: | April 5, 2028
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus any index gain, capped at par plus 57%; par if index finishes flat or falls
|
| Initial index level: | 3,919.21
|
| Pricing date: | March 31
|
| Settlement date: | April 7
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3.875%
|
| Cusip: | 36259Y735
|
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