Published on 12/31/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $95,000 of 0% notes linked to EM ETF, Euro Stoxx 50
By Devika Patel
Knoxville, Tenn., Dec. 31 – GS Finance Corp. sold $95,000 of 0% notes due Dec. 27, 2024 tied to the least performing of the iShares MSCI Emerging Markets exchange-traded fund and 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 140% of any gain of the lesser performing underlying.
Investors will receive par if the lesser performer falls by up to 25% and will be exposed to any drop beyond the 25% buffer.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Notes
|
Underlyings: | iShares MSCI Emerging Markets exchange-traded fund, Euro Stoxx 50 index
|
Amount: | $95,000
|
Maturity: | Dec. 27, 2024
|
Contingent coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 140% of any gain of lesser performing underlying; par if lesser performer falls by up to 25%; exposure to any losses beyond 25% buffer
|
Initial levels: | To be set after last observation date, determined by the lowest closing levels for each underlying on the 23rd of each month from Dec. 23, 2019 to May 11, 2020
|
Buffer levels: | 75% of initial levels
|
Pricing date: | Dec. 23
|
Settlement date: | Dec. 27
|
Agents: | Goldman Sachs & Co.
|
Fees: | 4.39%
|
Cusip: | 40056XTL0
|
|
© 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.