Published on 9/14/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $25,000 notes on GS Momentum Builder Multi-Asset
By Kiku Steinfeld
Chicago, Sept. 14 – GS Finance Corp. priced $25,000 of 0% notes due Sept. 6, 2024 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus the index gain. If the index return is negative, investors will lose 1% for every 1% that the index declines, subject to a minimum payout of $900 per $1,000 principal amount.
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: | Notes
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Underlying index: | GS Momentum Builder Multi-Asset 5 ER index
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Amount: | $25,000
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Maturity: | Sept. 6, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; exposure to any index decline, subject to minimum payout of $900 per $1,000 principal amount of notes
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Initial index level: | 108.04
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Pricing date: | Aug. 31
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Settlement date: | Sept. 3
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.675%
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Cusip: | 40057CKY6
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