Published on 3/22/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.87 million leveraged buffered notes on S&P MidCap 400
Chicago, March 22– GS Finance Corp. priced $1.87 million of 0% leveraged buffered notes due Aug. 3, 2022 tied to the S&P MidCap 400 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 150% of the return, subject to a maximum settlement amount of $1,156 per $1,000 of notes. Investors will receive par if the index finishes flat or falls by up to 10% and lose 1% for every 1% decline beyond the 10% buffer.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered notes
|
| Underlying index: | S&P MidCap 400 index
|
| Amount: | $1,874,000
|
| Maturity: | Aug. 3, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 150% of return, subject to a maximum settlement amount of $1,156 per $1,000 of notes; par if index finishes flat or falls by up to 10%; 1% loss for every 1% decline beyond buffer
|
| Initial level: | 2,340.12
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Jan. 29
|
| Settlement date: | Feb. 3
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.15%
|
| Cusip: | 40057FA79
|
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