Published on 5/31/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $223,000 leveraged index-linked notes due 2025 on Stoxx
By Wendy Van Sickle
Columbus, Ohio, May 31 – GS Finance Corp. priced $223,000 of 0% leveraged index-linked notes due June 2, 2025 tied 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 plus 1.6 times the index return.
If the return is zero or negative, the payout will be par.
Goldman Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Leveraged index-linked notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $223,000
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Maturity: | June 2, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus 1.6 times the index return; if index declines, par
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Initial index level: | 3,348.86
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Pricing date: | May 28
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Settlement date: | May 31
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Underwriter: | Goldman Sachs & Co.
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Fees: | 4.63%
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Cusip: | 40056FEG6
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