Published on 12/10/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $480,000 index-linked notes on Dow, S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, Dec. 10 – GS Finance Corp. priced $480,000 of 0% index-linked notes due Nov. 28, 2025 tied to the lesser performing of the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout will be par plus the lesser-performing index’s return.
If the lesser-performing index falls by up to 15%, the payout will be par plus the absolute value of the lesser-performing index’s return.
Otherwise, investors will lose 1% for every 1% decline of the lesser-performing index beyond 15%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Index-linked notes
|
Underlying indexes: | Dow Jones industrial average, Russell 2000 index, S&P 500 index
|
Amount: | $480,000
|
Maturity: | Nov. 28, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index finishes at or above its initial level, par plus lesser-performing index’s return; if the lesser-performing index falls by up to 15%, par plus the absolute value of the lesser-performing index’s return; otherwise, 1% loss for every 1% decline of the lesser-performing index beyond 15%
|
Initial index levels: | 30,046.24 for Dow, 1,853.532 for Russell and 3,635.41 for S&P
|
Buffer levels: | 85% of initial levels
|
Pricing date: | Nov. 24
|
Settlement date: | Nov. 30
|
Underwriter: | Goldman Sachs & Co. LLC
|
Fees: | 4.4%
|
Cusip: | 40057EJA6
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.