Published on 6/8/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $185,000 notes on Nasdaq-100 indexes
By Sarah Lizee
Olympia, Wash., June 8 – GS Finance Corp. priced $185,000 of 0% index-linked notes due June 3, 2024 tied to the Nasdaq-100 Technology Sector index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If worse performing index gains or finishes flat, the payout will be par plus 1.075 times the return of the lesser performing index.
If any index falls by up to 40%, the payout will be par.
Otherwise, investors will be exposed to the loss of the worse performing index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
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| Underlying indexes: | Nasdaq-100 Technology Sector index and Nasdaq-100 index
|
| Amount: | $185,000
|
| Maturity: | June 3, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worse performing index gains or finishes flat, par plus 1.075 times the return of the lesser performing index; if any index falls by up to 40%, par; otherwise, investors will be exposed to the loss of the worse performing index
|
| Initial levels: | 5,619.857 for Nasdaq-100 Technology, 9,555.524 for Nasdaq-100
|
| Barrier levels: | 60% of initial levels
|
| Pricing date: | May 29
|
| Settlement date: | June 3
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.86%
|
| Cusip: | 40057EB48
|
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