Published on 2/4/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $7.46 million PLUS linked to Russell 2000
By Wendy Van Sickle
Columbus, Ohio, Feb. 4 – GS Finance Corp. priced $7.46 million of 0% Performance Leveraged Upside Securities due May 4, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus 300% of the index gain, capped at par plus 12.85%. Investors will be fully exposed to the index decline.
Goldman Sachs & Co. LLC is the underwriter with Morgan Stanley Wealth Management as dealer.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | Russell 2000
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Amount: | $7,459,640
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Maturity: | May 4, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain capped at par plus 17.2%; full exposure to losses
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Initial level: | 2,123.201
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Pricing date: | Jan. 15
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Settlement date: | Jan. 21
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Underwriter: | Goldman Sachs & Co. LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 2.35%
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Cusip: | 36259U261
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