E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
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.
Guarantor:Goldman Sachs Group, Inc.
Issue:Index-linked notes
Underlying indexes:S&P 500, MSCI EAFE
Amount:$645,000
Maturity:Feb. 11, 2025
Coupon:0%
Price:Par
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
Initial levels:3,345.78 for S&P and 2,037.82 for MSCI EAFE
Pricing date:Feb. 6
Settlement date:Feb. 11
Underwriter:Goldman Sachs & Co. LLC
Fees:0.88%
Cusip:40056YHV9

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.