Published on 6/4/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $728,000 leveraged buffered notes on index basket
By Sarah Lizee
Olympia, Wash., June 4 – GS Finance Corp. priced $728,000 of 0% leveraged buffered notes due June 3, 2024 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The basket consists of the S&P 500 index with a 60% weight, the Russell 2000 index with a 20% weight and the S&P MidCap 400 index with a 20% weight.
The payout at maturity will be par plus 1.1 times any basket gain.
Investors will receive par if the basket declines by 25% or less and will lose 1% for every 1% that it declines beyond 25%.
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: | Leveraged buffered notes
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Underlying basket: | S&P 500 index (60% weight), Russell 2000 index (20% weight) and S&P MidCap 400 (20% weight)
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Amount: | $728,000
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Maturity: | June 3, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.1 times any basket gain; par if basket falls by up to 25%; 1% loss for every 1% drop beyond 25%
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Initial levels: | 2,783.02 for S&P 500, 1,489.952 for Russell, 1,832.77 for MidCap
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Pricing date: | May 29
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Settlement date: | June 3
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.95%
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Cusip: | 40056FJM8
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