Published on 8/5/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1.63 million digital notes linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Aug. 5 – GS Finance Corp. priced $1.63 million of 0% digital index-linked notes due Feb. 1, 2024 tied 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 return is greater than or equal to negative 15%, the payout will be par plus 15.5%.
If the index return is less than negative 15%, investors will lose 1% for every 1% index decline beyond 15%.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Digital index-linked notes
|
Underlying index: | S&P 500 index
|
Amount: | $1,631,000
|
Maturity: | Feb. 1, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index gains, finishes flat or falls by up to 15%, par plus 15.5%; otherwise, 1% loss for every 1% index decline beyond 15%
|
Initial index level: | 3,218.44
|
Pricing date: | July 28
|
Settlement date: | July 31
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 3.16%
|
Cusip: | 40057CCP4
|
|
© 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.