Published on 10/3/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $3.03 million eight-year index-linked notes tied to the Dow
Chicago, Oct. 3 – GS Finance Corp. priced $3.03 million of 0% index-linked notes due March 4, 2027 tied 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, subject to a maximum settlement amount of $1,700 per $1,000 principal amount.
If the index return is zero or negative, the payout will be par.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying index: | Dow Jones industrial average
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Amount: | $3,027,000
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Maturity: | March 4, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at 1,700 per $1,000 principal amount; par if index finishes flat or falls
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Initial level: | 25,777.90
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Pricing date: | Aug. 27
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Settlement date: | Aug. 30
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 4.6%
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Cusip: | 40056FYV1
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