Published on 3/1/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $3.85 million capped gears linked to index basket
By Sarah Lizee
Olympia, Wash., March 1 – GS Finance Corp. priced $3.85 million of 0% capped gears due April 30, 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The basket contains the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
If the basket return is greater than zero, the payout at maturity will be par plus triple the basket return, capped at $12.825 per $10 note. If the basket return is negative, investors will be exposed to the basket’s decline.
Goldman, Sachs & Co. is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Capped gears
|
| Underlying indexes: | Euro Stoxx 50 (40% weight), FTSE 100 (20% weight), Nikkei 225 (20% weight), Swiss Market (7.5% weight), S&P/ASX 200 (7.5% weight) and Hang Seng (5% weight)
|
| Amount: | $3,854,500
|
| Maturity: | April 30, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If basket return is greater than zero, par plus three times basket return, capped at $12.825 per $10 note; if basket return is negative, exposure to decline
|
| Initial levels: | 3,289.32 for Euro Stoxx, 7,151.12 for FTSE, 21,449.39 for Nikkei, 9,461.21 for Swiss Market, 6,128.391 for S&P/ASX and 28,772.06 for Hang Seng
|
| Pricing date: | Feb. 26
|
| Settlement date: | Feb. 28
|
| Underwriter: | Goldman, Sachs & Co. with UBS Financial Services Inc. as selling agent
|
| Fees: | 2.1%
|
| Cusip: | 36257D188
|
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