Published on 3/22/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $83,000 seven-year notes tied to GS Momentum Builder
By Marisa Wong
Los Angeles, March 22 – GS Finance Corp. priced $83,000 of 0% notes due Feb. 23, 2028 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus any index gain. If the index finishes flat or falls, the payout will be par.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Notes
|
| Underlying index: | GS Momentum Builder Multi-Asset 5 ER index
|
| Amount: | $83,000
|
| Maturity: | Feb. 23, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus index return, subject to floor of par
|
| Initial index level: | 112.80
|
| Pricing date: | Feb. 17
|
| Settlement date: | Feb. 22
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.4%
|
| Cusip: | 40057FFY5
|
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