New Issue: GS Finance sells $1 million index-linked notes on S&P, Dow

By William Gullotti

Buffalo, N.Y., Feb. 24 – GS Finance Corp. priced $1 million of 0% index-linked notes due April 27, 2026 linked to the least performing of the Dow Jones industrial average and 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 return of each index is zero or positive, the payout at maturity will be par plus the return of the least performing index, capped at $1,750 per $1,000 note.

If the least performing index falls by up to 15.8%, the payout will be par.

Otherwise, investors will be fully exposed to any losses of the worst performing index beyond the 15.8% buffer level.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Dow Jones industrial average, S&P 500 index
Amount:	$1 million
Maturity:	April 27, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is zero or positive, par plus the return of least performing index, capped at $1,750 per note; if any index falls but the final underlier level of each is greater than or equal to the 84.2% buffer level, par; if any index falls by more than 15.8%, investors will be exposed to the decline of the worst performing index beyond the 15.8% buffer level
Initial levels:	33,815.9 for Dow, 4,134.98 for S&P
Buffer levels:	84.2% of initial levels
Pricing date:	April 22, 2021
Settlement date:	April 27, 2021
Agent:	Goldman Sachs & Co. LLC
Fees:	4.125%
Cusip:	40057H3E8

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.