Published on 8/14/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $4.2 million market-linked notes on MSCI Europe
By Sarah Lizee
Olympia, Wash., Aug. 14 – GS Finance Corp. priced $4.2 million of 0% market-linked notes due Aug. 12, 2022 tied to the MSCI Europe 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 of $10 plus 1.02 times the index return. Otherwise, the payout will be par.
Goldman, Sachs & Co. is the underwriter with Morgan Stanley Wealth Management as dealer.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Market-linked notes
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Underlying index: | MSCI Europe
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Amount: | $4.2 million
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Maturity: | Aug. 12, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 1.02 times index return; otherwise, par
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Initial index level: | 125.12
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Pricing date: | Aug. 9
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Settlement date: | Aug. 14
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Underwriter: | Goldman, Sachs & Co.
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 1.675%
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Cusip: | 36257W517
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