Published on 4/20/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $537,000 index-linked notes on Dow, Nasdaq
By Wendy Van Sickle
Columbus, Ohio, April 20 – GS Finance Corp. priced $537,000 of 0% index-linked notes due April 21, 2022 tied to the Dow Jones industrial average and the Nasdaq-100 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 1.6 times the return of the lesser performing index.
Investors will be exposed to any losses of the worst-performing index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
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| Underlying indexes: | Dow Jones industrial average and Nasdaq-100 index
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| Amount: | $537,000
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| Maturity: | April 21, 2022
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each index finishes at or above initial level, par plus 1.6 times the return of the lesser performing index; full exposure to any loss of lesser-performing index
|
| Initial levels: | 23,537.68 for Dow, 8,757.832 for Nasdaq
|
| Pricing date: | April 16
|
| Settlement date: | April 21
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.975%
|
| Cusip: | 40056YZU1
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