Published on 7/1/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $934,000 buffered basket-linked notes on indexes
By Wendy Van Sickle
Columbus, Ohio, July 1 – GS Finance Corp. priced $934,000 of 0% buffered notes due June 29, 2027 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Russell 2000 index with a 33.33% weight, the Dow Jones industrial average with a 33.33% weight and the Euro Stoxx 50 index with a 33.33% weight.
The payout at maturity will be par plus the basket gain.
Investors will receive par if the basket finishes flat or falls by up to 30% and will lose 1% for every 1% decline beyond 30%.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Buffered index-linked notes
|
Underlying indexes: | Russell 2000 index with a 33.33% weight, the Dow Jones industrial average with a 33.33% weight and the Euro Stoxx 50 index with a 33.33% weight
|
Amount: | $934,000
|
Maturity: | June 29, 2027
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If basket return is positive, par plus basket gain; par if basket finishes flat or declines by up to 30%; 1% loss for every 1% decline beyond 30%
|
Initial levels: | 25,445.94 for Dow, 3,196.12 for Stoxx, 1,389.741 for Russell
|
Buffer levels: | 70% of initial levels
|
Pricing date: | June 24
|
Settlement date: | June 29
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 0.9%
|
Cusip: | 40057CBC4
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.