Published on 4/4/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $500,000 buffered notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., April 4 – GS Finance Corp. priced $500,000 of 0% buffered notes due March 29, 2024 linked to 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 the index return is positive, the payout at maturity will be par plus the index return. Investors will receive par if the index falls by up to 27% and lose 1% for every 1% that the index may decline beyond 27%.
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: | Buffered notes
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Underlying index: | S&P 500
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Amount: | $500,000
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Maturity: | March 29, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus index return; par if index falls by up to 27%; 1% loss for every 1% decline in index beyond 27%
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Initial level: | 2,818.46
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Pricing date: | March 26
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Settlement date: | March 29
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 3.85%
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Cusip: | 40056F3G8
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