Published on 6/17/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $460,000 buffered digital notes tied to Euro Stoxx
By Marisa Wong
Morgantown, W.Va., June 17 – GS Finance Corp. priced $460,000 of 0% buffered digital index-linked notes due May 31, 2024 tied to the Euro Stoxx 50 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 zero or positive, the payout at maturity will be par plus the greater of 58.25% and the index return.
If the index falls by up to 20%, the payout will be par. Otherwise, investors will lose 1% for every 1% index decline beyond 20%.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered digital index-linked notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $460,000
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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: | Par plus greater of 58.25% and the index return; par if index falls by up to 20%; otherwise, 1% loss for every 1% index decline beyond 20%
|
| Initial index level: | 3,348.86
|
| Pricing date: | May 28
|
| Settlement date: | May 31
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 4.35%
|
| Cusip: | 40056FJD8
|
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