Published on 12/31/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $95,000 of 0% notes linked to EM ETF, Euro Stoxx 50
By Devika Patel
Knoxville, Tenn., Dec. 31 – GS Finance Corp. sold $95,000 of 0% notes due Dec. 27, 2024 tied to the least performing of the iShares MSCI Emerging Markets exchange-traded fund and 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.
The payout at maturity will be par plus 140% of any gain of the lesser performing underlying.
Investors will receive par if the lesser performer falls by up to 25% and will be exposed to any drop beyond the 25% buffer.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Notes
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| Underlyings: | iShares MSCI Emerging Markets exchange-traded fund, Euro Stoxx 50 index
|
| Amount: | $95,000
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| Maturity: | Dec. 27, 2024
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| Contingent coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 140% of any gain of lesser performing underlying; par if lesser performer falls by up to 25%; exposure to any losses beyond 25% buffer
|
| Initial levels: | To be set after last observation date, determined by the lowest closing levels for each underlying on the 23rd of each month from Dec. 23, 2019 to May 11, 2020
|
| Buffer levels: | 75% of initial levels
|
| Pricing date: | Dec. 23
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| Settlement date: | Dec. 27
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| Agents: | Goldman Sachs & Co.
|
| Fees: | 4.39%
|
| Cusip: | 40056XTL0
|
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