Published on 6/16/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $8.93 digital index-linked notes on S&P 500
By Kiku Steinfeld
Chicago, June 16 – GS Finance Corp. priced $8.93 of 0% digital index-linked notes due June 22, 2022 linked to the S&P 500 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 at least 87.5% of its initial level, the payout at maturity will be par plus 5.94%. Investors will lose 1.1429% for every 1% that the index may decline beyond 12.5%.
Goldman Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Digital index-linked notes
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Underlying index: | S&P 500
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Amount: | $8,925,000
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Maturity: | June 22, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is at least 87.5% of its initial level, par plus 5.94%; 1.1429% loss for every 1% that index may decline beyond 12.5%
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Initial index level: | 4,115.68
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Pricing date: | May 19
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Settlement date: | May 26
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Underwriter: | Goldman Sachs & Co.
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Fees: | 0.7%
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Cusip: | 40057HDD9
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