Published on 3/25/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $584,000 index-linked notes on S&P, Russell, Nasdaq
By Taylor Fox
New York, March 25 – GS Finance Corp. priced $584,000 of 0% index-linked notes due March 17, 2026 linked to the least performing of the Nasdaq-100 index, the S&P 500 index and 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 return of each index is zero or positive, the payout at maturity will be par plus 1.285 times of the return of the least performing index.
If any index falls but the return of each index is at least negative 30%, the payout will be par plus the absolute value of the least performing index’s return.
If any index falls by more than 30%, investors will be exposed to the decline of the worst performing index from its initial level.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying indexes: | Nasdaq-100 index, S&P 500, Russell 2000 index
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Amount: | $584,000
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Maturity: | March 17, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of each index is zero or positive, par plus 1.285 times the return of the least performing index; if any index falls but the return of each index is at least negative 30%, par plus the absolute value of the least performing index’s return; if any index falls by more than 30%, investors will be exposed to the decline of the worst performing index from its initial level
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Initial levels: | 12,937.29 for Nasdaq, 3,943.34 for S&P 500, 2,352.789 for Russell
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Pricing date: | March 12
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Settlement date: | March 17
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 4.475%
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Cusip: | 40057FRM8
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