Published on 2/6/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $6.74 million leveraged index-linked notes on Euro Stoxx 50
By Kiku Steinfeld
Chicago, Feb. 6 – GS Finance Corp. priced $6.74 million of 0% leveraged index-linked notes due Jan. 31, 2024 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.7 times the index return.
If the index declines, investors will receive the greater of the minimum settlement amount of $950 per $1,000 of notes and the sum of par plus the return.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
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Issue: | Leveraged index-linked notes
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Underlying index: | Euro Stoxx 50
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Amount: | $6,743,000
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Maturity: | Jan. 31, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus 1.7 times the index return; if index declines, greater of the minimum settlement amount of $950 per $1,000 of notes and the sum of par plus the return
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Initial index level: | 3,779.16
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Pricing date: | Jan. 24
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Settlement date: | Jan. 31
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Underwriter: | Goldman Sachs & Co.
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Fees: | 3.05%
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Cusip: | 40056Y6P4
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