Published on 8/6/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $532,000 notes linked to Russell 2000, S&P 500
By Angela McDaniels
Tacoma, Wash., Aug. 9 – GS Finance Corp. priced $532,000 of 0% notes due Feb. 3, 2022 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the return of the lesser-performing index’s return, subject to a minimum payout of $950 and a maximum payout of $1,120 per $1,000 principal amount of notes.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Notes
|
| Underlying indexes: | Russell 2000 and S&P 500
|
| Amount: | $532,000
|
| Maturity: | Feb. 3, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus return of lesser-performing index’s return, subject to minimum payout of $950 and maximum payout of $1,120 per $1,000 principal amount of notes
|
| Initial levels: | 1,585.599 for Russell 2000 and 3,013.18 for S&P 500
|
| Pricing date: | July 30
|
| Settlement date: | Aug. 2
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.925%
|
| Cusip: | 40056FV36
|
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