Published on 3/18/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.79 million underlier-linked notes on indexes, ETF
By Taylor Fox
New York, March 18 – GS Finance Corp. priced $1.79 million of 0% underlier-linked notes due March 10, 2026 linked to the least performing of the Nasdaq-100 Technology Sector index, the S&P 500 Value index and the iShares MSCI Emerging Markets ETF, 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 underlier is zero or positive, the payout at maturity will be par plus 1.06 times the return of the least performer.
If the return of any underlier is negative but the return of each underlier is greater than or equal to negative 25%, the payout will be par.
If any underlier falls by more than 25%, investors will be exposed to the decline of the least performer beyond the 25% buffer.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Underlier-linked notes
|
| Underlying assets: | Nasdaq-100 Technology Sector index, S&P 500 Value index and iShares MSCI Emerging Markets ETF
|
| Amount: | $1,791,000
|
| Maturity: | March 10, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the return of each underlier is zero or positive, par plus 1.06 times the return of the least performer; if the return of any underlier is negative but the return of each underlier is greater than or equal to negative 25%, par; if any underlier falls by more than 25%, exposure to the decline of the least performer beyond 25%
|
| Initial levels: | 7,541.205 for Nasdaq, 1,354.85 for S&P and $53.83 for iShares
|
| Buffer levels: | 75% of initial levels
|
| Pricing date: | March 5
|
| Settlement date: | March 10
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 4.725%
|
| Cusip: | 40057FPD0
|
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