Published on 3/21/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $13.11 million digital index-linked notes linked to S&P 500
By Kiku Steinfeld
Chicago, March 22 – GS Finance Corp. priced $13.11 million of 0% digital index-linked notes due Aug. 3, 2022 linked to the S&P 500 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 90% threshold level, the payout at maturity will be the maximum settlement amount of $1,109.20 for each $1,000 principal amount.
Otherwise, investors will lose 1.1111% for each 1% decline beyond 10%.
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: | Digital index-linked notes
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Underlying index: | S&P 500
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Amount: | $13,110,000
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Maturity: | Aug. 3, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes above threshold level, $1,109.20 for each $1,000 principal amount; otherwise, 1.1111% loss for each 1% decline beyond threshold level
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Initial level: | 3,819.72
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Buffer level: | 90% of initial level
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Pricing date: | March 3
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Settlement date: | March 10
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.87%
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Cusip: | 40057FNM2
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