Published on 4/29/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.51 million index-linked notes on S&P, Nasdaq
By Sarah Lizee
Olympia, Wash., April 29 – GS Finance Corp. priced $1.51 million of 0% index-linked notes due April 29, 2025 tied to the S&P 500 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 each index finishes at or above its initial level, the payout will be par plus 1.9 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.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying indexes: | S&P 500 index and Nasdaq-100 index
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Amount: | $1.51 million
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Maturity: | April 29, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above its initial level, par plus 1.9 times the return of the lesser performing index; exposure to any losses of the worst-performing index
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Initial levels: | 2,836.74 for S&P, 8,786.604 for Nasdaq
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Pricing date: | April 24
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Settlement date: | April 29
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.85%
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Cusip: | 40057E4Y0
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