Published on 3/18/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.04 million PLUS linked to Topix
By Kiku Steinfeld
Chicago, March 18 – GS Finance Corp. priced $2.04 million of 0% Performance Leveraged Upside Securities due April 7, 2022 linked to the Topix 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, the payout at maturity will be par plus 300% of the index gain, capped at par plus 13.5%. Investors will be fully exposed to the index decline.
Goldman Sachs & Co. LLC is the underwriter with Morgan Stanley Wealth Management as dealer.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | Topix
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Amount: | $2,039,800
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Maturity: | April 7, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain capped at par plus 13.5%; full exposure to losses
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Initial level: | 1,894.85
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Pricing date: | March 2
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Settlement date: | March 5
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Underwriter: | Goldman Sachs & Co. LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 2.35%
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Cusip: | 36259Y230
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