Published on 4/23/2020 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $9.16 million leveraged basket-linked notes on 26 stocks
By Wendy Van Sickle
Columbus, Ohio, April 23 – GS Finance Corp. priced $9.16 million of 0% leveraged notes due July 21, 2021 linked to a basket of 26 stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Alexion Pharmaceuticals, Inc. (3.8497% weight), Align Technology, Inc. (3.8508% weight), Altria Group, Inc. (3.8401% weight), Analog Devices, Inc. (3.8502% weight), Best Buy Co., Inc. (3.85%), Biogen Inc. (3.8415% weight), Booking Holdings Inc. (3.8371% weight), Bristol-Myers Squibb Co. (3.8499%), Cognizant Technology Solutions Corp. (3.8403% weight), Electronic Arts Inc. (3.8399% weight), Gilead Sciences, Inc. (3.8499% weight), Illumina, Inc. (3.84% weight), Intel Corp. (3.85% weight), Lowe's Cos., Inc. (3.8498% weight), Maxim Integrated Products, Inc. (3.8503% weight), McKesson Corp. (3.8396% weight), Qualcomm Inc. (3.8501% weight), Quest Diagnostics Inc. (3.8398% weight), salesforce.com, inc. (3.8504% weight), Skyworks Solutions, Inc. (3.8503% weight), T Rowe Price Group, Inc. (3.85% weight), Take-Two Interactive Software, Inc. (3.8504% weight), Texas Instruments Inc. (3.8501% weight), United Parcel Service, Inc. (3.8397% weight), Walgreens Boots Alliance, Inc. (3.85% weight) and Xilinx, Inc. (3.8399% weight).
If the basket return is positive, the payout at maturity will be par plus 1.5 times the basket return up to $1,276.75 for each $1,000 note.
If the basket decline, the payout will be par plus the return of the basket with full exposure to the decline.
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 notes
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Underlying stocks: | Alexion Pharmaceuticals, Inc. (3.8497% weight), Align Technology, Inc. (3.8508% weight), Altria Group, Inc. (3.8401% weight), Analog Devices, Inc. (3.8502% weight), Best Buy Co., Inc. (3.85%), Biogen Inc. (3.8415% weight), Booking Holdings Inc. (3.8371% weight), Bristol-Myers Squibb Co. (3.8499%), Cognizant Technology Solutions Corp. (3.8403% weight), Electronic Arts Inc. (3.8399% weight), Gilead Sciences, Inc. (3.8499% weight), Illumina, Inc. (3.84% weight), Intel Corp. (3.85% weight), Lowe's Cos., Inc. (3.8498% weight), Maxim Integrated Products, Inc. (3.8503% weight), McKesson Corp. (3.8396% weight), Qualcomm Inc. (3.8501% weight), Quest Diagnostics Inc. (3.8398% weight), salesforce.com, inc. (3.8504% weight), Skyworks Solutions, Inc. (3.8503% weight), T Rowe Price Group, Inc. (3.85% weight), Take-Two Interactive Software, Inc. (3.8504% weight), Texas Instruments Inc. (3.8501% weight), United Parcel Service, Inc. (3.8397% weight), Walgreens Boots Alliance, Inc. (3.85% weight) and Xilinx, Inc. (3.8399% weight)
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Amount: | $9.16 million
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Maturity: | July 21, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus 1.5 times the basket return up to $1,276.75 for each $1,000 note; otherwise, par plus the return of the basket with full exposure to the decline
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Pricing date: | April 17
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Settlement date: | April 24
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.04%
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Cusip: | 40056YZQ0
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