Published on 9/3/2020 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $474,000 leveraged buffered index-linked notes on Nasdaq-100 Technology Sector
By Wendy Van Sickle
Columbus, Ohio, Sept. 3 – GS Finance Corp. priced $474,000 of 0% leveraged buffered index-linked notes due March 2, 2023 tied to the Nasdaq-100 Technology Sector index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, par plus 2 times the index gain, capped at $1,220 per $1,000 of notes.
If the index return is flat or falls by up to 10%, investors will receive par. Investors will lose 1% for every 1% decline beyond 10%.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Issue: | Leveraged buffered index-linked notes
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Underlying index: | Nasdaq-100 Technology Sector
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Amount: | $474,000
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Maturity: | March 2, 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 2 times the index gain, capped at $1,220 per $1,000 of notes; if index return is flat or falls by up to 10%, par; 1% loss for every 1% decline beyond 10%
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Initial index level: | 6,611.034
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Buffer level: | 90% of initial level
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Pricing date: | Aug. 26
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Settlement date: | Aug. 31
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.065%
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Cusip: | 40057CK75
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