Published on 8/1/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $3.66 million leveraged notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Aug. 1 – GS Finance Corp. priced $3.66 million of 0% leveraged notes due July 29, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus double the index return, subject to a maximum settlement amount of $1,184 per $1,000 principal amount of notes. If the index return is zero or negative, the payout will be par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter, and J.P. Morgan Securities LLC is the placement 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 index: | Euro Stoxx 50
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Amount: | $3,657,000
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Maturity: | July 29, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 200% of index return, subject to maximum settlement amount of $1,184 per $1,000 principal amount of notes; if index return is zero or negative, par
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Initial level: | 3,524.47
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Final level: | Average of index’s closing levels on five trading days on July 26, 2022
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Pricing date: | July 26
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Settlement date: | July 31
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Underwriter: | Goldman Sachs & Co. LLC
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Placement agent: J.P. Morgan Securities LLC
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Fees: | 2.175%
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Cusip: | 40056FSD8
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