Published on 7/12/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.34 million digital notes linked to S&P 500
By Kiku Steinfeld
Chicago, July 12 – GS Finance Corp. priced $2.34 million of 0% digital notes due Nov. 29, 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 final level of the index is equal to or greater than 80% of the initial level, the payout at maturity will be par plus 5%.
Otherwise, investors will lose 1.25% for every 1% index decline beyond 20%.
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: | Digital notes
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Underlying index: | S&P 500
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Amount: | $2,335,000
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Maturity: | Nov. 29, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final level of the index is equal to or greater than 80% of the initial level, par plus 5%; otherwise, 1.25% loss for every 1% index decline beyond 20%
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Initial index level: | 4,188.13
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Pricing date: | May 25
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Settlement date: | June 2
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.98%
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Cusip: | 40057H3S7
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