Published on 3/27/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.04 million index-linked notes on Russell, S&P
Chicago, March 27 – GS Finance Corp. priced $1.04 million of 0% index-linked notes due March 21, 2023 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index finishes at or above its initial level, the payout will be par plus 1.75 times the return of the lesser performing index.
Investors will be exposed to any losses of the worst-performing index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying indexes: | Russell 2000 and S&P 500
|
| Amount: | $1,035,000
|
| Maturity: | March 21, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above its initial level, par plus 1.75 times the return of lesser performing index; full exposure to decline of worst performer
|
| Initial levels: | 1,037.416 for Russell, 2,386.13 for S&P
|
| Pricing date: | March 16
|
| Settlement date: | March 19
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.45%
|
| Cusip: | 40056YS62
|
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