Published on 2/9/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $5.85 million digital notes linked to Nasdaq-100
By Kiku Steinfeld
Chicago, Feb. 9 – GS Finance Corp. priced $5.85 million of 0% digital notes due July 29, 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.
If the index return is at least negative 10%, the payout at maturity will be the maximum settlement amount of $1,107 per $1,000 principal amount. Otherwise, investors will lose 1.111% for every 1% decline in the index beyond 10%.
Goldman, Sachs & Co. LLC is the underwriter with JPMorgan acting as the placement agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Digital notes
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Underlying index: | Nasdaq-100 index
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Amount: | $5,846,000
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Maturity: | July 29, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is at least negative 10%, par plus 10.7%; otherwise, 1.111% loss for every 1% decline in the index beyond 10%
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Initial index level: | 13,490.19
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Buffer level: | 90% of initial level
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Pricing date: | Jan. 26
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Settlement date: | Jan. 29
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Underwriter: | Goldman, Sachs & Co. LLC with JP Morgan as placement agent
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Fees: | 1.4%
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Cusip: | 40057EZV2
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