Published on 5/9/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $500,000 leveraged buffered notes tied to basket
By Sarah Lizee
Olympia, Wash., May 9 – GS Finance Corp. priced $500,000 of 0% leveraged buffered notes due May 10, 2024 linked to a basket of indexes and an ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The basket consists of the S&P 500 index with a 45.91% weight, the S&P MidCap 400 index a 10.72% weight, the iShares MSCI EAFE Small Cap ETF with a 9.56% weight, the MSCI Emerging Markets index with a 9.09% weight, the Euro Stoxx 50 index with a 8.71% weight, the Russell 2000 index with a 5.36% weight, the Topix index with a 5.23% weight, the FTSE 100 index with a 3.87% weight and the S&P/ASX 200 index with a 1.55% weight.
The payout at maturity will be par plus 1.25 times any basket gain up to a maximum payout of $1,800 per $1,000 principal amount.
Investors will receive par if the basket falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered notes
|
| Underlying assets: | S&P 500 index (45.91% weight), S&P MidCap 400 index (10.72% weight), iShares MSCI EAFE Small Cap ETF (9.56% weight), MSCI Emerging Markets index (9.09% weight), Euro Stoxx 50 index (8.71% weight), Russell 2000 index (5.36% weight), Topix index (5.23% weight), FTSE 100 index (3.87% weight) and S&P/ASX 200 index (1.55% weight)
|
| Amount: | $500,000
|
| Maturity: | May 10, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.25 times any basket gain up to a maximum payout of $1,800 per $1,000 principal amount; par if the basket falls by up to 20%; 1% loss for every 1% decline beyond 20%
|
| Initial levels: | 2,884.05 for S&P, 1,938.62 for MidCap, $57.97 for EAFE ETF, 1,057.05 for EM index, 3,401.16 for Stoxx, 1,582.312 for Russell, 1,599.84 for Topix, 7,260.47 for FTSE, 6,295.679 for S&P/ASX
|
| Pricing date: | May 7
|
| Settlement date: | May 10
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 4.475%
|
| Cusip: | 40056FCA1
|
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