Published on 4/21/2021 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.65 million index-linked notes on S&P 500, Russell 2000 Value
By Wendy Van Sickle
Columbus, Ohio, April 21 – GS Finance Corp. priced $1.65 million of 0% index-linked notes due April 3, 2025 linked to the S&P 500 index and the Russell 2000 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index finishes at or above its initial value, the payout at maturity will be par plus greater of 43% the return of the lesser-performing index.
Investors will receive par if the worst performing index falls by up to 20% and will be fully exposed to any decline in the worst-performing index if it falls by more than 20%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | index-linked notes
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| Underlying index: | S&P 500 index and Russell 2000 Value index
|
| Amount: | $1,646,000
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| Maturity: | April 3, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus greater of 43% and any gain in lesser-performing index; par if worst performing index falls by up to 20%; otherwise, 1% loss for every 1% decline in lesser-performing index from initial level
|
| Initial values: | 2,380.951 for Russell and 3,972.951 for S&P
|
| Pricing date: | March 31
|
| Settlement date: | April 5
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.85%
|
| Cusip: | 40057FRE6
|
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