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Published on 3/28/2021 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $119,000 buffered digital notes on Euro Stoxx 50

By Marisa Wong

Los Angeles, March 29 – GS Finance Corp. priced $119,000 of 0% buffered digital notes due Feb. 28, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index finishes at or above 85% of its initial level, the payout at maturity will be $1,110 for each $1,000 of notes. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.

Goldman Sachs & Co. LLC. is the underwriter.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Buffered digital notes
Underlying index:Euro Stoxx 50 index
Amount:$119,000
Maturity:Feb. 28, 2024
Coupon:0%
Price:Par
Payout at maturity:If index finishes at or above 85% of initial level, par plus 11%; otherwise, 1% loss for every 1% index decline beyond 15%
Initial index level:3,689.10
Pricing date:Feb. 23
Settlement date:Feb. 26
Underwriter:Goldman Sachs & Co. LLC
Fees:3.27%
Cusip:40057FDD3

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