Published on 4/13/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $95,000 notes on Motif Capital Artificial Intelligence
By Marisa Wong
Los Angeles, April 13 – GS Finance Corp. priced $95,000 of 0% notes due April 1, 2027 linked to the Motif Capital Artificial Intelligence 8 ER 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 1.3 times any index gain. If the index falls, the payout will be par.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Notes
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Underlying index: | Motif Capital Artificial Intelligence 8 ER index
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Amount: | $95,000
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Maturity: | April 1, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.3 times any index gain; if the index falls, par
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Initial level: | 122.89
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Pricing date: | March 26
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Settlement date: | March 31
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 4.525%
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Cusip: | 40056YPD0
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