Published on 7/10/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $206,000 index-linked notes on Russell, S&P
By Wendy Van Sickle
Columbus, Ohio, July 10 – GS Finance Corp. priced $206,000 of 0% index-linked notes due July 3, 2024 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
At maturity, if the return of both indexes is greater than or equal to their initial levels, the payout will be par plus 37.5%.
If either index either index falls by up to 40%, the payout will be par plus the absolute value of the return of the lesser performing index.
Otherwise, investors will be exposed to any losses of the lesser performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Index-linked notes
|
Underlying indexes: | Russell 2000, S&P 500
|
Amount: | $206,000
|
Maturity: | July 3, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the return of both indexes is greater than or equal to their initial levels, par plus 37.5%; if either index either index falls by up to 40%, par plus the absolute value of the return of the lesser performing index; otherwise, exposure to any losses of the lesser performing index
|
Initial levels: | 2,941.76 for S&P and 1,566.572 for Russell
|
Pricing date: | June 28
|
Settlement date: | July 3
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 0.96%
|
Cusip: | 40056FML6
|
|
© 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.