Published on 3/2/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $5.05 million allocation securities on index basket
By Kiku Steinfeld
Chicago, March 2 – GS Finance Corp. priced $5.05 million of 0% allocation securities due April 30, 2025 linked to a basket of the S&P 500 index, the Euro Stoxx 50 index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The best performing of the indexes will be given a 75% weight, the second best will be given a 25%weight and the lowest-performing index will not count toward the basket performance.
The payout at maturity will be par of $10 plus any basket gain. Investors will be exposed to any losses.
Goldman Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. as selling agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Allocation securities
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Underlying basket: | S&P 500 index, Euro Stoxx 50 index and MSCI Emerging Markets index; best performer will be given a 75% weight, second best a 25% weight
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Amount: | $5,051,000
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Maturity: | April 30, 2025
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus the basket return, with full exposure to any losses
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Initial levels: | 3,116.39 for S&P, 3,577.68 for Stoxx, 1,043.31 for EM
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Pricing date: | Feb. 26
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Settlement date: | Feb. 28
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Underwriter: | Goldman Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
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Fees: | 3.85%
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Cusip: | 36259H385
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