Published on 7/8/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $441,000 digital notes linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., July 8 – GS Finance Corp. priced $441,000 of 0% digital notes due June 30, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than or equal to negative 15%, the payout at maturity will be $1,155 per $1,000 principal amount of notes. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.
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: | Digital notes
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Underlying index: | Russell 2000
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Amount: | $441,000
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Maturity: | June 30, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is greater than or equal to negative 15%, $1,155 per $1,000 principal amount of notes; otherwise, 1% loss for every 1% that index declines beyond 15%
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Initial level: | 1,521.035
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Pricing date: | June 25
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Settlement date: | June 28
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 3.05%
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Cusip: | 40056FKF1
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