Published on 2/12/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $645,000 index-linked notes on S&P, MSCI EAFE
By Marisa Wong
Los Angeles, Feb. 12 – GS Finance Corp. priced $645,000 of 0% index-linked notes due Feb. 11, 2025 linked to the lesser performing of the S&P 500 index and the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index finishes at or above its initial level, the payout at maturity will be par plus the greater of 48.25% and the return of the lesser performing index.
If either index falls but neither falls by more than 40%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the lesser performing index from its initial level.
Goldman Sachs & Co. LLC 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: | S&P 500, MSCI EAFE
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Amount: | $645,000
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Maturity: | Feb. 11, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above its initial level, par plus the greater of 48.25% and the return of the lesser performing index; if either index falls but neither falls by more than 40%, par; otherwise, full exposure to the decline of the lesser performing index from its initial level
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Initial levels: | 3,345.78 for S&P and 2,037.82 for MSCI EAFE
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Pricing date: | Feb. 6
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Settlement date: | Feb. 11
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.88%
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Cusip: | 40056YHV9
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