Published on 11/5/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $5.2 million index-linked notes on S&P, Nasdaq
By Taylor Fox
New York, Nov. 5 – GS Finance Corp. priced $5.2 million of 0% index-linked notes due Oct. 11, 2024 tied to the S&P 500 index and 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 1.24 times the return of the lesser performing index.
If the worst performer falls but does not fall by more than 20%, the payout will be par.
Otherwise, investors will lose 1.25% for every 1% decline of the worst performing index beyond the 20% buffer.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Index-linked notes
|
Underlying indexes: | S&P 500 and Nasdaq 100 index
|
Amount: | $5,200,000
|
Maturity: | Oct. 11, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index finishes at or above its initial level, par plus 1.24 times the return of worst performer; if the lesser performing index falls but does not fall by more than 20%, par; otherwise, 1.25% loss for every 1% decline of the worst performer beyond 20% buffer
|
Initial index levels: | 3,446.83 for S&P and 11,550.94 for Nasdaq
|
Buffer levels: | 80% of initial levels
|
Pricing date: | Oct. 8
|
Settlement date: | Oct. 14
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 0.5%
|
Cusip: | 40057EF77
|
© 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.