Published on 1/6/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $4.49 million underlier-linked notes on Stoxx, EAFE ETF
By Kiku Steinfeld
Chicago, Jan. 6 – GS Finance Corp. priced $4.49 million of 0% underlier-linked notes due Jan. 7, 2026 linked to the iShares MSCI EAFE exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus 275% of any gain of the lesser performing underlier.
If one or both underliers fall, investors will be fully exposed to the decline of the lesser-performing underlier.
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: | Underlier-linked notes
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Underlying assets: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
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Amount: | $4,485,000
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Maturity: | Jan. 7, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 275% of any gain of lesser performer; full exposure to decline of lesser performer
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Initial levels: | $73.52 for ETF, 3,571.59 for index
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Pricing date: | Dec. 30
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Settlement date: | Jan. 7
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 2.85%
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Cusip: | 40057EVZ7
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