E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 4/1/2019 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $1 million index-linked notes on Russell, Nasdaq, S&P

Chicago, April 1 – GS Finance Corp. priced $1 million of 0% index-linked notes due March 29, 2020 tied to the Russell 2000 index, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

At maturity, if the return of all three indexes is greater than or equal to 80% of their initial levels, the payout will be the maximum settlement amount of $1,090 per $1,000 principal amount of notes.

Otherwise, investors will be exposed to any losses of the least performing index.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Index-linked notes
Underlying indexes:Russell 2000, Nasdaq-100 and S&P 500
Amount:$1,000,000
Maturity:May 29, 2020
Coupon:0%
Price:Par
Payout at maturity:If the return of all three indexes is greater than or equal to 80% of their initial levels, $1,090 per $1,000 principal amount of notes; otherwise, exposure to any losses of the least performing index
Initial levels:1,528.166 for Russell, 7,351.15 for Nasdaq and 2,818.46 for S&P 500
Pricing date:March 26
Settlement date:March 29
Agent:Goldman Sachs & Co.
Fees:0.6%
Cusip:40056F4W2

© 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.