Published on 2/12/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.01 million index-linked notes on Russell, S&P
Chicago, Feb. 12 – GS Finance Corp. priced $1.01 million of 0% index-linked notes due Jan. 31, 2025 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 the lesser performing index return.
If the lesser performing index falls by up to 35%, investors will receive par plus the absolute value of that index’s return. Investors will lose 1% for each 1% loss of any loss of the lesser performing index beyond 35%.
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: | $1,007,000
|
| Maturity: | Jan. 31, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above initial level, par plus lesser performing index return; if lesser performing index falls by up to 35%, par plus absolute value of its return; 1% loss for each 1% decline of lesser performing index beyond 35%
|
| Initial levels: | 1,658.314 for Russell, 3,276.24 for S&P
|
| Trigger buffer level: | 65% of initial level
|
| Pricing date: | Jan. 28
|
| Settlement date: | Jan. 31
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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.46%
|
| Cusip: | 40056XZ58
|
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