Published on 11/1/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $90,000 index-linked notes tied to Stoxx
By Sarah Lizee
Olympia, Wash., Nov. 1 – GS Finance Corp. priced $90,000 of 0% index-linked notes due Nov. 2, 2022 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index closes above its initial level, the payout at maturity will be par plus the index return, capped at par plus 45%.
Otherwise, investors will be exposed to the decline of the index, subject to a minimum payout of 95% of par.
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: | Index-linked notes
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Underlying index: | Euro Stoxx 50
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Amount: | $90,000
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Maturity: | Nov. 2, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index closes above its initial level, par plus the index return, capped at par plus 45%; otherwise, investors will be exposed to the decline of the index, subject to a minimum payout of 95% of par
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Initial index level: | 3,625.69
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Pricing date: | Oct. 28
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Settlement date: | Oct. 31
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.25%
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Cusip: | 40056XG34
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