Published on 5/5/2020 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $2.5 million leveraged basket-linked notes on indexes
By Sarah Lizee
Olympia, Wash., May 5 – GS Finance Corp. priced $2.5 million of 0% leveraged notes due Dec. 31, 2021 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 19% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with an 8% weight.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the basket return is positive, the payout at maturity will be par plus 5 times the basket return, capped at $1,255 per $1,000 of notes.
If the basket decline, the payout will be par plus the return of the basket with full exposure to the decline.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Leveraged notes
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Underlying indexes: | Euro Stoxx 50 (36% weight), Topix (27% weight), FTSE 100 (19% weight), Swiss Market (10% weight), S&P/ASX 200 (8% weight)
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Amount: | $2.5 million
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Maturity: | Dec. 31, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus 5 times the basket return, capped at $1,255 per $1,000 of notes; otherwise, par plus the return of the basket with full exposure to the decline
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Initial levels: | 2,932.06 for Euro Stoxx, 5,958.50 for FTSE, 1,449.15 for Topix, 9,889.46 for Swiss Market, 5,313.096 for S&P/ASX
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Pricing date: | April 28
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Settlement date: | May 5
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.4%
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Cusip: | 40057E4G9
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