Published on 4/4/2022 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $4.24 million leveraged index-linked notes on Stoxx
By William Gullotti
Buffalo, N.Y., April 4 – GS Finance Corp. priced $4.24 million of 0% leveraged index-linked notes due May 5, 2026 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus four times the index return, capped at $1,650 per note.
If the index is flat or declines by up to 25%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the index.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | Leveraged index-linked notes
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Underlying index: | Euro Stoxx 50
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Amount: | $4,239,000
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Maturity: | May 5, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus four times the index return, capped at $1,650 per note; if the index is flat or declines by up to trigger buffer level, par; otherwise, investors will be fully exposed to the decline of the index
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Initial index level: | 3,974.74
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Trigger buffer level: | 75% of initial level
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Pricing date: | April 30, 2021
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Settlement date: | May 5, 2021
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 3.25%
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Cusip: | 40057H5S5
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