Published on 9/15/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.1 million underlier-linked notes on indexes, ETF
By Kiku Steinfeld
Chicago, Sept. 15 – GS Finance Corp. priced $1.1 million of 0% underlier-linked notes due Sept. 5, 2025 linked to the S&P 500 index, the Russell 2000 index and the Technology Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each underlier is flat or positive, the payout at maturity will be par plus 1.03 times the return of the worst-performing asset.
If the return of each underlier is negative but greater than or equal to negative 25%, the payout will be par.
If the worst-performing underlier falls by more than 25%, investors will be exposed to the decline of the worst performer beyond 25% its initial level.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Underlier-linked notes
|
Underlying assets: | S&P 500 index, Russell 2000 index and Technology Select Sector SPDR fund
|
Amount: | $1,102,000
|
Maturity: | Sept. 5, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the return of each underlier is flat or positive, par plus 1.03 times return of worst-performing asset; if the return of each underlier is negative but greater than or equal to negative 25%, par; if any underlier falls by more than 25%, exposure to decline of the worst performer beyond 25%
|
Initial levels: | 1,561.876 for Russell, 3,500.31 for S&P, $123.55 for fund
|
Buffer levels: | 75% of initial levels
|
Pricing date: | Aug. 31
|
Settlement date: | Sept. 3
|
Underwriter: | Goldman Sachs & Co. LLC
|
Fees: | 4.475%
|
Cusip: | 40057CT43
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.