Published on 10/12/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $799,000 index-linked notes on S&P, Dow, Nasdaq
Kiku Steinfeld
Chicago, Oct. 12 – GS Finance Corp. priced $799,000 of 0% index-linked notes due Oct. 3, 2025 tied to the S&P 500 index, the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index finishes at or above its initial level, the payout at maturity will be par plus 100% of the least performing index return.
If any index falls by up to 40%, the payout will be par plus the absolute return of the lesser performing index.
If any index falls by more than 40%, investors will be fully exposed to the decline of the least performing index.
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: | S&P 500, Dow Jones industrial average, Nasdaq-100
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Amount: | $799,000
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Maturity: | Oct. 3, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above its initial level, par plus 100% of the least performing index return; if any index falls by up to 40%, par plus absolute return of lesser performing index; if any index falls by more than 40%, full exposure to the decline of the least performing index
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Initial index levels: | 3,363.00 for S&P, 27,781.70 for Dow and 11,418.06 for Nasdaq
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Pricing date: | Sept. 30
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Settlement date: | Oct. 5
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.82%
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Cusip: | 40057CRQ6
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