Published on 8/7/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $38.18 million of leveraged index-linked notes on S&P
By Sarah Lizee
Olympia, Wash., Aug. 7 – GS Finance Corp. priced $38.18 million of 0% leveraged index-linked notes due Nov. 4, 2020 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.
If the index return is positive, the payout at maturity will be par plus 3 times the index return, capped at $1,157.50 per $1,000 of notes.
Otherwise, the payout will be par plus the return of the index with full exposure to the loss.
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: | Leveraged index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $38.18 million
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Maturity: | Nov. 4, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus 3 times the index return, capped at $1,157.50 per $1,000 of notes; otherwise, par plus the return of the index with full exposure to the loss
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Initial index level: | 2,932.05
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Pricing date: | Aug. 2
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Settlement date: | Aug. 9
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 1.05%
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Cusip: | 40056FVY8
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