Published on 6/26/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $265,000 leveraged buffered notes tied to Euro Stoxx
By Wendy Van Sickle
Columbus, Ohio, June 26 – GS Finance Corp. priced $265,000 of 0% leveraged buffered index-linked notes due Dec. 28, 2021 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.
The payout at maturity will be par plus 1.365 times any index gain.
If the index finishes flat or falls by up to 25%, the payout will be par. Otherwise, investors will lose 1% for every 1% index decline beyond 25%.
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 buffered index-linked notes
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Underlying index: | Euro Stoxx 50
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Amount: | $265,000
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Maturity: | Dec. 28, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.365 times any index gain; par if index finishes flat or falls by up to 25%; otherwise, 1% loss for every 1% decline beyond 25%
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Initial index level: | 3,466.92
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Pricing date: | June 21
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Settlement date: | June 28
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 0.175%
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Cusip: | 40056FM28
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