E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 2/8/2021 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $275,000 of leveraged index-linked notes on S&P 500 Value

By Kiku Steinfeld

Chicago, Feb. 8 – GS Finance Corp. priced $275,000 of 0% leveraged index-linked notes due Jan. 29, 2026 tied to the S&P 500 Value 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 par plus 1.14 times any index gain.

If the index falls by up to 25%, the payout will be par.

Otherwise, investors will receive par plus the index return with full exposure to the decline.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Leveraged index-linked notes
Underlying index:S&P 500 Value index
Amount:$275,000
Maturity:Jan. 29, 2026
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.14 times any index gain; if the index falls by up to 25%, par; otherwise, investors will receive par plus the index return with full exposure to the decline
Initial index level:1,282.12
Pricing date:Jan. 26
Settlement date:Jan. 29
Agent:Goldman Sachs & Co. LLC
Fees:2.35%
Cusip:40057F3E2

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.