Published on 4/14/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $575,000 index-linked notes on Nasdaq, S&P, Dow
By Sarah Lizee
Olympia, Wash., April 14 – GS Finance Corp. priced $575,000 of 0% index-linked notes due April 7, 2027 tied to the Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index finishes at or above its initial level, the payout will be par plus 2.33 times the return of the least performing index.
If worst-performing index falls by up to 20%, the payout will be par.
Otherwise, investors will be exposed to any loss of the worst-performing index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Index-linked notes
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 and S&P 500
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| Amount: | $575,000
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| Maturity: | April 7, 2027
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each index finishes at or above its initial level, par plus 2.33 times return of least performing index; par if worst-performing index falls by up to 20%; otherwise, exposure to losses of worst performing index
|
| Initial levels: | 7,486.287 for Nasdaq, 20,943.51 for Dow, 2,470.5 for S&P
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| Barrier level: | 80% of initial levels
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| Pricing date: | April 2
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| Settlement date: | April 7
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.4%
|
| Cusip: | 40056YYF5
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