Published on 7/10/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $5.11 million underlier-linked notes on index, ETF
By Sarah Lizee
Olympia, Wash., July 10 – GS Finance Corp. priced $5.11 million of 0% underlier-linked notes due July 8, 2025 linked to the S&P 500 index and the iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each underlier is zero or positive, the payout will be $1,760 per $1,000 of notes.
Otherwise, investors will be exposed to the decline of the lesser performing index.
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: | Underlier-linked notes
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Underlying assets: | S&P 500 index, iShares Russell 2000 Value ETF
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Amount: | $5,112,000
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Maturity: | July 8, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of each underlier is zero or positive, $1,760 per $1,000 of notes; otherwise investors will be exposed to the decline of the lesser performing index
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Initial levels: | $97.46 for ETF, 3,100.29 for S&P
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Pricing date: | June 30
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Settlement date: | July 7
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 2.35%
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Cusip: | 40057CBE0
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