Published on 7/25/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $37.40 million leveraged notes linked to Euro Stoxx
By Marisa Wong
Los Angeles, July 25 – GS Finance Corp. priced $37.40 million of 0% leveraged index-linked notes due Aug. 21, 2020 tied 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.
The payout at maturity will be par of $1,000 plus 2.15 times any index gain. If the index falls, the payout will be par plus the index return with full exposure to losses.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged index-linked notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $37,398,000
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| Maturity: | Aug. 21, 2020
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2.15 times any index gain; full exposure to losses
|
| Initial index level: | 3,480.18
|
| Pricing date: | July 19
|
| Settlement date: | July 26
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.95%
|
| Cusip: | 40056FUQ6
|
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