Published on 3/9/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.33 million index-linked notes on S&P, Nasdaq
By Wendy Van Sickle
Columbus, Ohio, March 9 – GS Finance Corp. priced $1.33 million of 0% index-linked notes due Feb. 26, 2026 linked to the lesser performing of the S&P 500 index and 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 final level of each index is zero or positive, the payout at maturity will be par plus 1.3075 times the return of the lesser performing index.
If either index falls but the return of each index is at least negative 25%, the payout will be par.
If either index falls by more than 25%, investors will be exposed to the decline of the lesser-performing index.
Goldman, Sachs & Co. 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: | S&P 500, Nasdaq-100
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Amount: | $1,334,000
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Maturity: | Feb. 26, 2026
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | If the final level of each index is zero or positive, par plus 1.3075 times return of the lesser performing index; if either index falls but the return of each index is at least negative 25%, par; if either index falls by more than 25%, investors will be exposed to the decline of the worse performing index
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Initial index levels: | 3,876.5 for S&P and 13,223.74 for Nasdaq
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Pricing date: | Feb. 21
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Settlement date: | Feb. 25
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 4.35%
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Cusip: | 40057FFT6
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