Published on 2/8/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $448,000 buffered digital notes linked to S&P 500
By Kiku Steinfeld
Chicago, Feb. 8 – GS Finance Corp. priced $448,000 of 0% buffered digital index-linked notes due Jan. 29, 2026 tied to the S&P 500 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 $1,210 per $1,000 principal amount of notes if the final index level is greater than or equal to 85% of the initial level. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.
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: | Buffered digital index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $448,000
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Maturity: | Jan. 29, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | $1,210 per $1,000 principal amount of notes if final index level is greater than or equal to 85% of initial level; otherwise, 1% loss for every 1% that index declines beyond 15%
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Initial index level: | 3,849.62
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Buffer level: | 85% of initial level
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Pricing date: | Jan. 26
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Settlement date: | Jan. 29
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.73%
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Cusip: | 40057EX36
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