Published on 12/29/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $44,000 index-linked notes on Nasdaq, Dow
By Kiku Steinfeld
Chicago, Dec. 30 – GS Finance Corp. priced $44,000 of 0% index-linked notes due Dec. 29, 2022 tied to the lesser performing of the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout will be par plus 14%.
If the lesser-performing index falls by up to 30%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the lesser-performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying indexes: | Nasdaq-100 index, Dow Jones industrial average
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Amount: | $44,000
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Maturity: | Dec. 29, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above its initial level, par plus 14%; if the lesser-performing index falls by up to 30%, par; otherwise, 1% loss for every 1% decline of the lesser-performing index
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Initial index levels: | 12,653.14 for Nasdaq and 30,129.83 for Dow
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Pricing date: | Dec. 23
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Settlement date: | Dec. 29
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 2.975%
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Cusip: | 40057EQ42tm
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