Published on 8/11/2020 in the Prospect News Structured Products Daily.
New Issue: GS prices $324,000 index-linked notes on Dow Jones U.S. Select Dividend
By Kiku Steinfeld
Chicago, Aug. 11 – GS Finance Corp. priced $324,000 of 0% index-linked notes due Aug. 2, 2028 tied to the Dow Jones U.S. Select Dividend index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index closes above its initial level, the payout at maturity will be par plus the index return, capped at 15%.
If the index finishes flat or falls, investors will receive par.
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 index: | Dow Jones U.S. Select Dividend
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Amount: | $324,000
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Maturity: | Aug. 2, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index closes above its initial level, par plus index return, capped at 15%; if the index finishes flat or falls, par
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Initial index levels: | 595.30
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Pricing date: | July 28
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Settlement date: | July 31
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 4.49%
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Cusip: | 40057CDX6
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