Published on 9/4/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $505,000 index-linked notes on Nasdaq, S&P
By Sarah Lizee
Olympia, Wash., Sept. 4 – GS Finance Corp. priced $505,000 of 0% index-linked notes due Sept. 6, 2023 tied to the Nasdaq-100 index and the S&P 500 index, 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 1.11 times the return of the lesser performing index.
If either index falls by up to 10%, the payout will be par plus the absolute value of the return of the lesser performing index.
Otherwise, investors will lose 1% for every 1% decline of the lesser performing index beyond 10%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Index-linked notes
|
Underlying indexes: | Nasdaq-100, S&P 500
|
Amount: | $505,000
|
Maturity: | Sept. 6, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index finishes at or above its initial level, par plus 1.11 times the return of the lesser performing index; if either index falls by up to 10%, par plus the absolute value of the return of the lesser performing index; otherwise, 1% loss for every 1% decline of the lesser performing index beyond 10%
|
Initial index levels: | 12,110.7 for Nasdaq, 3,500.31 for S&P
|
Buffer levels: | 90% of initial levels
|
Pricing date: | Aug. 31
|
Settlement date: | Sept. 3
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 1.45%
|
Cusip: | 40057CQH7
|
|
© 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.