Published on 6/20/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $609,000 buffered digital notes on S&P 500
By Marisa Wong
Los Angeles, June 21 – GS Finance Corp. priced $609,000 of 0% buffered digital notes due March 31, 2026 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 finishes at or above 85% of its initial level, the payout at maturity will be $1,237.50 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.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Buffered digital notes
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Underlying index: | S&P 500 index
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Amount: | $609,000
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Maturity: | March 31, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above 85% of initial level, par plus 23.75%; otherwise, 1% loss for every 1% index decline beyond 15%
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Initial index level: | 3,974.54
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Pricing date: | March 26
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Settlement date: | March 31
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 3.74%
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Cusip: | 40057FMJ0
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