Published on 6/4/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $560,000 index-linked notes on Dow, Nasdaq, Russell
By Kiku Steinfeld
Chicago, June 4 – GS Finance Corp. priced $560,000 of 0% index-linked notes due May 31, 2024 tied to the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index finishes at or above its initial level, the payout will be par plus 2.2 times the return of the least performing index.
If any index falls, the payout will be par plus the return of the least performing index with full exposure to the decline.
Goldman Sachs & Co. LLC is the agent.
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 indexes: | Dow Jones industrial average, Nasdaq-100 and Russell 2000
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Amount: | $560,000
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Maturity: | May 31, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above its initial level, par plus 2.2 times the return of the least performing index; if any index falls, par plus the return of the least performing index with full exposure to decline
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Initial levels: | 25,548.27 for Dow, 9,442.046 for Nasdaq and 1,436.358 for Russell
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Pricing date: | May 27
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Settlement date: | June 1
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.45%
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Cusip: | 40057C3U3
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