Published on 7/28/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $599,000 buffered basket-linked notes on index basket
By William Gullotti
Buffalo, N.Y., July 28 – GS Finance Corp. priced $599,000 of 0% buffered notes due June 4, 2027 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The equally-weighted basket consists of the S&P 500 index, the Euro Stoxx 50 index and the Russell 2000 index.
The payout at maturity will be par plus the basket gain.
Investors will receive par if the basket finishes flat or falls by up to 22% and will lose 1% for every 1% decline beyond 22%.
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: | Buffered basket-linked notes
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Underlying indexes: | S&P 500 index, the Euro Stoxx 50 index, Russell 2000 index; equal weights
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Amount: | $599,000
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Maturity: | June 4, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus the basket gain; if basket finishes flat or declines by up to 22%, par; otherwise, 1% loss for every 1% decline beyond 22%
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Initial levels: | 4,202.04 for S&P, 4,071.75 for Stoxx, 2,294.742 for Russell
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Buffer levels: | 78% of initial levels
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Pricing date: | June 1
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Settlement date: | June 4
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.5%
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Cusip: | 40057HHF0
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