Published on 5/24/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $200,000 four-year notes linked to the Dow
By Marisa Wong
Morgantown, W.Va., May 24 – GS Finance Corp. priced $200,000 of 0% notes due May 4, 2023 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus the index return, capped at 24%.
If the index return is at zero or negative, the payout will be par.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Notes
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| Underlying index: | Dow Jones industrial average
|
| Amount: | $200,000
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| Maturity: | May 4, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus any index gain, capped at 24%; par if the index finishes flat or falls
|
| Initial index level: | 26,430.14
|
| Pricing date: | May 1
|
| Settlement date: | May 6
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.9%
|
| Cusip: | 40056FB87
|
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