Published on 4/22/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $750,000 index-linked notes due 2022 on S&P
By Wendy Van Sickle
Columbus, Ohio, April 22 – GS Finance Corp. priced $750,000 of 0% index-linked notes due April 21, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index closes at or above its initial level, the payout at maturity will be par plus the index return up to $1,185 per $1,000 principal amount of notes.
Otherwise, investors will be fully exposed to the decline.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $750,000
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Maturity: | April 21, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index closes at or above initial level, par plus index return up to $1,185 per $1,000 principal amount of notes; full exposure to loss
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Initial index level: | Lowest of closing levels on April 17, April 24, May 1, May 8, May 15, May 22, May 29 and June 5
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Pricing date: | April 17
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Settlement date: | April 22
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 1.9%
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Cusip: | 40057E3Q8
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