Published on 6/17/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.80 million buffered notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., June 17 – GS Finance Corp. priced $2,801,000 of 0% buffered index-linked notes due May 31, 2024 tied 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.
The payout at maturity will be par plus any index gain. Investors will receive par if the index falls by up to 25% and lose 1% for every 1% decline in the index beyond 25%.
Goldman, Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Buffered index-linked notes
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Underlying index: | S&P 500
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Amount: | $2,801,000
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Maturity: | May 31, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; par if the index falls by up to 25%; 1% loss for every 1% decline in the index beyond 25%
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Initial index level: | 2,802.39
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Pricing date: | May 28
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Settlement date: | May 31
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 4.19%
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Cusip: | 40056FCZ6
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