Published on 8/5/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $20,000 of index-linked notes on Stoxx
By Sarah Lizee
Olympia, Wash., Aug. 5 – GS Finance Corp. priced $20,000 of 0% index-linked notes due Aug. 12, 2020 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 positive, the payout at maturity will be par plus the index return, capped at $1,070 per $1,000 of notes.
If the index declines by up to 82.75% of its initial level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the index from its initial level.
Goldman Sachs & Co. LLC is the underwriter. JPMorgan is the placement agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $20,000
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Maturity: | Aug. 12, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus the index return, capped at $1,070 per $1,000 of notes; if the index declines by up to 82.75% of its initial level, par; otherwise, investors will be fully exposed to the decline of the index from its initial level
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Initial index level: | 3,524.47
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Pricing date: | July 26
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Settlement date: | July 31
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Underwriter: | Goldman Sachs & Co. LLC
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Placement agent: | JPMorgan
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Fees: | 1.1%
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Cusip: | 40056FVS1
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