Published on 6/15/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1.36 million leveraged buffered index-linked notes on S&P MidCap 400
By Wendy Van Sickle
Columbus, Ohio, June 15 – GS Finance Corp. priced $1.36 million of 0% leveraged buffered index-linked notes due Nov. 22, 2023 tied to the S&P MidCap 400 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, investors will receive par plus 1.5 times the index gain, capped at $1,222.50 per $1,000 of notes.
If the index return is flat or falls by up to 15%, investors will receive par. Investors will lose 1.1765% for every 1% decline beyond 15%.
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: | Leveraged buffered index-linked notes
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Underlying index: | S&P MidCap 400 index
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Amount: | $1.36 million
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Maturity: | Nov. 22, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times the index gain, capped at $1,222.50 per $1,000 of notes; if index return is flat or falls by up to 15%, par; 1.1765% loss for every 1% decline beyond 15%
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Initial index level: | 2,718.5
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Buffer level: | 85% of initial level
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Pricing date: | May 17
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Settlement date: | May 20
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0%
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Cusip: | 40057HDL1
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