Published on 4/7/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.9 million index-linked notes on Stoxx, EAFE
By Sarah Lizee
Olympia, Wash., April 7 – GS Finance Corp. priced $2.9 million of 0% index-linked notes due April 1, 2025 tied to the Euro Stoxx 50 index and the MSCI EAFE 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 3.42 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.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying indexes: | Euro Stoxx 50 index and MSCI EAFE index
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Amount: | $2.9 million
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Maturity: | April 1, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above its initial level, par plus 3.42 times the return of the lesser performing index; investors will be exposed to any losses of the worst-performing index
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Initial levels: | 2,728.65 for Stoxx, 1,549.49 for EAFE
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Pricing date: | March 27
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Settlement date: | April 1
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.1%
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Cusip: | 40056YX66
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