Published on 12/30/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $962,000 leveraged index-linked notes on MSCI Emerging Markets
By Cady Vishniac
Detroit, Dec. 30 – GS Finance Corp. priced $962,000 of 0% leveraged index-linked notes due Dec. 22, 2022 tied to the MSCI Emerging Markets 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, payout at maturity will be par plus twice the index gain, capped at $1,236 per $1,000 of notes.
If the index 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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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Leveraged index-linked notes
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Underlying index: | MSCI Emerging Markets
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Amount: | $962,000
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Maturity: | Dec. 22, 2022
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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 twice the index gain, capped at $1,236 per $1,000 of notes; if index is flat or falls by up to 10%, par; 1% loss for every 1% decline beyond 10%
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Initial index level: | 1,272.96
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Pricing date: | Dec. 17
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Settlement date: | Dec. 22
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 2.425%
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Cusip: | 40057ETF4
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