Published on 1/23/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $815,000 digital notes tied to Euro Stoxx 50 index
By Sarah Lizee
Olympia, Wash., Jan. 23 – GS Finance Corp. priced $815,000 of 0% digital notes due Jan. 20, 2021 linked 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 return is greater than or equal to negative 10%, the payout at maturity will be $1,191.4 per $1,000 of notes. Otherwise, investors will lose 1.1111% for every 1% that the index declines below 90% of its initial level.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Digital notes
|
Underlying index: | Euro Stoxx 50 index
|
Amount: | $815,000
|
Maturity: | Jan. 20, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is greater than or equal to negative 10%, $1,191.4 per $1,000 of notes; otherwise, 1.1111% loss for every 1% that index declines below 90% of initial level
|
Initial index level: | 3,069.35
|
Pricing date: | Jan. 17
|
Settlement date: | Jan. 25
|
Agent: | Goldman Sachs & Co.
|
Fees: | 1.65%
|
Cusip: | 40056ESJ8
|
© 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.