E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 2/5/2021 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $1.35 million leveraged buffered index-linked notes on Nasdaq

By Taylor Fox

New York, Feb. 5 – GS Finance Corp. priced $1.35 million of 0% leveraged buffered index-linked notes due Jan. 5, 2023 tied to the Nasdaq-100 Technology Sector 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, investors will receive par plus twice the index gain, capped at $1,200 per $1,000 of notes.

If the index return is flat or falls by up to 10%, investors will receive par. Investors will lose 1% for every 1% decline beyond 10%.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Issue:Leveraged buffered index-linked notes
Underlying index:Nasdaq-100 Technology Sector index
Amount:$1,350,000
Maturity:Jan. 5, 2023
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus twice the index gain, capped at $1,200 per $1,000 of notes; if index return is flat or falls by up to 10%, par; 1% loss for every 1% decline beyond 10%
Initial index level:7,529.837
Buffer level:90% of initial level
Pricing date:Dec. 30
Settlement date:Jan. 5
Agent:Goldman Sachs & Co. LLC
Fees:0.955%
Cusip:40057EQG5

© 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.