E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 2/15/2019 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $960,710 PLUS due 2019 tied to Euro Stoxx 50 index

By Wendy Van Sickle

Columbus, Ohio, Feb. 15 – GS Finance Corp. priced $960,710 of 0% Performance Leveraged Upside Securities due May 5, 2020 linked to the Euro Stoxx 50 index, 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 of $10 plus 300% of the index return, capped at $13.80 per PLUS. Investors will be fully exposed to any index decline.

Goldman Sachs & Co. is the underwriter. Morgan Stanley Wealth Management is acting as dealer.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Performance Leveraged Upside Securities
Underlying index:Euro Stoxx 50
Amount:$960,710
Maturity:May 5, 2020
Coupon:0%
Price:Par of $10
Payout at maturity:If index return is positive, par plus 300% of index return, capped at $13.80 per PLUS; full exposure to losses
Initial level:3,202.37
Pricing date:Feb. 13
Settlement date:Feb. 19
Underwriter:Goldman Sachs & Co.
Dealer:Morgan Stanley Wealth Management
Fees:2.35%
Cusip:36257D170

© 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.