Published on 6/3/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.34 million leveraged buffered notes tied to S&P
By Sarah Lizee
Olympia, Wash., June 3 – GS Finance Corp. priced $2.34 million of 0% leveraged buffered index-linked notes due Dec. 2, 2021 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 positive, the payout at maturity will be par plus 2 times the index gain, up to par plus 20.25%. Investors will receive par if the index falls by up to 10% and lose 1% for every 1% decline in the index beyond 10%.
Goldman, Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $2,343,000
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Maturity: | Dec. 2, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 2 times the index gain, up to par plus 20.25%; par if the index falls by up to 10%; 1% loss for every 1% decline in the index beyond 10%
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Initial index level: | 2,802.39
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Pricing date: | May 28
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Settlement date: | May 31
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 3.115%
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Cusip: | 40056FE92
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