Published on 5/12/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.98 million index-linked notes on S&P, Russell, Dow
By Wendy Van Sickle
Columbus, Ohio, May 12 – GS Finance Corp. priced $1.98 million of 0% index-linked notes due April 29, 2027 linked to the least performing of the Dow Jones industrial average, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each index is zero or positive, the payout at maturity will be par plus 1.407 times of the return of the least performing index.
If any index falls but the return of each index is at least negative 20%, the payout will be par.
If any index falls by more than 20%, investors will lose 1% for each 1% decline of the worst performing index beyond 20%.
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, S&P 500 index, Russell 2000 index
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Amount: | $1,975,000
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Maturity: | April 29, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of each index is zero or positive, par plus 1.407 times the return of the least performing index; if any index falls but the return of each index is at least negative 20%, par; if any index falls by more than 20%, investors will lose 1% for each 1% decline of the worst performing index beyond 20%
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Initial levels: | 33,981.57 for Dow, 4,187.62 for S&P 500, 2,298.007 for Russell
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Buffer levels: | 80% of initial levels
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Pricing date: | April 26
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Settlement date: | April 29
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.25%
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Cusip: | 40057H4C1
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