Published on 10/29/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $52,000 autocallable buffered notes on Nasdaq
By Wendy Van Sickle
Columbus, Ohio, Oct. 29 – GS Finance Corp. priced $52,000 of 0% autocallable buffered index-linked notes due May 4, 2022 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus 8% if the index closes at or above the initial index level on Oct. 27, 2021.
If the notes are not called and the index return is zero or positive, the payout at maturity will be par plus 2 times the index return. Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% loss beyond 10%.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor | Goldman Sachs Group, Inc.
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Issue: | Autocallable buffered index-linked notes
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Underlying index: | Nasdaq-100
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Amount: | $52,000
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Maturity: | May 4, 2022
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | If index return is zero or positive, par plus 2 times index return; if index falls by up to 10%, par; 1% loss for each 1% decline beyond 10%
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Call: | Par plus 8% if index closes at or above initial index level on Oct. 27, 2021
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Initial level: | 11,598.95
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Buffer level: | 90% of initial level
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Pricing date: | Oct. 27
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Settlement date: | Oct. 30
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 2.375%
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Cusip: | 40057EDL8
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