Published on 9/6/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $139,000 leveraged notes linked to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Sept. 6 – GS Finance Corp. priced $139,000 of 0% leveraged notes due Sept. 2, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 140% of the index return. Investors will be exposed to the first 5% of any index decline, with a minimum payout of 95% of par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
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 index: | Euro Stoxx 50
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Amount: | $139,000
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Maturity: | Sept. 2, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 140% of index return; exposure to first 5% of any index decline
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Initial level: | 3,426.76
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Pricing date: | Aug. 30
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Settlement date: | Sept. 5
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.945%
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Cusip: | 40056FYB5
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