Published on 3/30/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.05 million index-linked notes on Nasdaq, S&P
By Taylor Fox
New York, March 30 – GS Finance Corp. priced $1.05 million of 0% index-linked notes due March 20, 2026 linked to the least performing of the S&P 500 index and the Nasdaq-100 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 123.8% of the return of the least performing index.
If either index falls but the return of each index is at least negative 25%, the payout will be par.
If either index falls by more than 25%, investors will be exposed to the decline of the worst performing index.
Goldman, Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
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| Underlying indexes: | Nasdaq-100 index, S&P 500
|
| Amount: | $1,048,000
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| Maturity: | March 20, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the return of each index is zero or positive, par plus 123.8% of the return of least performing index ; if either index falls but the return of each index is at least negative 25%, par; if either index falls by more than 25%, investors will be exposed to the decline of the worst performing index
|
| Initial levels: | 13,202.38 for Nasdaq and 3,974.12 for S&P
|
| Pricing date: | March 17
|
| Settlement date: | March 22
|
| Agent | Goldman, Sachs & Co. LLC
|
| Fees: | 4.3%
|
| Cusip: | 40057FRC0
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