Published on 4/1/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1 million index-linked notes on Russell, Nasdaq, S&P
Chicago, April 1 – GS Finance Corp. priced $1 million of 0% index-linked notes due March 29, 2020 tied to the Russell 2000 index, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
At maturity, if the return of all three indexes is greater than or equal to 80% of their initial levels, the payout will be the maximum settlement amount of $1,090 per $1,000 principal amount of notes.
Otherwise, investors will be exposed to any losses of the least performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. 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: | Russell 2000, Nasdaq-100 and S&P 500
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Amount: | $1,000,000
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Maturity: | May 29, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of all three indexes is greater than or equal to 80% of their initial levels, $1,090 per $1,000 principal amount of notes; otherwise, exposure to any losses of the least performing index
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Initial levels: | 1,528.166 for Russell, 7,351.15 for Nasdaq and 2,818.46 for S&P 500
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Pricing date: | March 26
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Settlement date: | March 29
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Agent: | Goldman Sachs & Co.
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Fees: | 0.6%
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Cusip: | 40056F4W2
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