Published on 2/6/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $5.51 million index-linked notes on Dow, S&P
By Taylor Fox
New York, Feb. 8 – GS Finance Corp. priced $5.51 million of 0% index-linked notes due Jan. 9, 2026 tied to the least performing of the S&P 500 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.
The payout at maturity will be par plus 1.13 times the return of the laggard index if each index finishes at or above its initial level. Investors will receive par if the laggard index falls by up to 15%. Otherwise, investors will lose 1% for every 1% that the least performing index declines beyond 15%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying indexes: | S&P 500 index, Dow Jones industrial average
|
| Amount: | $5,511,000
|
| Maturity: | Jan. 9, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.13 times the laggard index’s return if each index finishes at or above its initial level; par if laggard index falls by up to 15%; otherwise, 1% loss for every 1% decline of the least performing index beyond 15%
|
| Initial levels: | 3,748.14 for S&P, 30,829.40 for Dow
|
| Buffer level: | 85% of initial levels
|
| Pricing date: | Jan. 6
|
| Settlement date: | Jan. 11
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.55%
|
| Cusip: | 40057F3F9
|
|
|
|
|
© 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.
