Published on 12/13/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $15.83 million buffered digital notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, Dec. 13 – GS Finance Corp. priced $15.83 million of 0% buffered digital securities due Aug. 7, 2023 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 90% of its initial level, the payout at maturity will be $1,119 for each $1,000 of notes. Otherwise, investors will lose 1.1111% for every 1% that the index declines beyond 10%.
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: | $15,825,000
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Maturity: | Aug. 7, 2023
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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 90% of initial level, par plus 11.9%; otherwise, 1.1111% loss for every 1% index decline beyond 10%
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Initial index level: | 4,701.21
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Pricing date: | Dec. 8
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Settlement date: | Dec. 15
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.92%
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Cusip: | 40057KG80
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