Published on 8/7/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $226,000 leveraged buffered notes linked to Stoxx
By Wendy Van Sickle
Columbus, Ohio, Aug. 7 – GS Finance Corp. priced $226,000 of 0% leveraged buffered notes due Aug. 5, 2024 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 225% of the gain. Investors will receive par if the index decreases by up to 25% and will lose 1% for every 1% that the index may decline beyond 25%.
Goldman Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Leverage buffered notes
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Underlying index: | Euro Stoxx 50
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Amount: | $226,000
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Maturity: | Aug. 5, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 225% of any index gain; par if index declines by 25% or less; 1% loss for every 1% that index may decline beyond 25%
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Initial level: | 3,466.85
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Buffer level: | 75% of initial level
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Pricing date: | July 31
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Settlement date: | Aug. 5
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Agent: | Goldman Sachs & Co.
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Fees: | 1.04%
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Cusip: | 40056FSZ9
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