Published on 3/7/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $90,000 leveraged buffered notes on Nasdaq-100 Technology
By Kiku Steinfeld
Chicago, March 8 – GS Finance Corp. priced $90,000 of 0% leveraged buffered notes due Aug. 28, 2023 linked to the Nasdaq-100 Technology Sector index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 200% of the index return up to a maximum payout of par plus 20%. Investors will receive par if the index falls by up to 10% and lose 1% for every 1% that the index may decline beyond 10%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered notes
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Underlying index: | Nasdaq-100 Technology Sector
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Amount: | $90,000
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Maturity: | Aug. 28, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 200% of index return, up to maximum of par plus 21%; par if index falls by up to 10%; 1% loss for every 1% decline in index beyond 10%
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Initial level: | 8,059.792
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Buffer level: | 90% of initial level
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Pricing date: | Feb. 23
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Settlement date: | Feb. 26
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 3.095%
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Cusip: | 40057FBL7
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