Published on 2/17/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $880,000 index-linked notes on S&P, Nasdaq, Dow
By Wendy Van Sickle
Columbus, Ohio, Feb. 17 – GS Finance Corp. priced $880,000 of 0% index-linked notes due Feb. 10, 2026 tied to the least performing of the Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 index, 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 140% of the return of the least-performing index if all three indexes finish at or above their initial levels. The payout will be par if the least performing index falls by up to 30%. Otherwise, investors will lose 1% for every 1% that the least performing index declines.
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: | Index-linked notes
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Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index, S&P 500 index
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Amount: | $880,000
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Maturity: | Feb. 10, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 140% of the return of the least performing index if all indexes finish above initial level; par if least performing index falls by up to 30%; otherwise, 1% loss for every 1% decline of least performing index
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Initial levels: | 13,603.96 for Nasdaq, 3,886.83 for S&P, 31,148.24 for Dow
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Trigger buffer levels: | 70% of initial levels
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Pricing date: | Feb. 5
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Settlement date: | Feb. 10
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 4.475%
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Cusip: | 40057FFV1
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