Published on 10/2/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $727,000 leveraged buffered notes linked to MSCI EAFE
By Sarah Lizee
Olympia, Wash., Oct. 2 – GS Finance Corp. priced $727,000 of 0% leveraged buffered notes due Sept. 30, 2024 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 120% of the index return. Investors will receive par if the index falls by up to 20% and lose 1% for every 1% that the index may decline beyond 20%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered notes
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Underlying index: | MSCI EAFE
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Amount: | $727,000
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Maturity: | Sept. 30, 2024
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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 120% of index return; par if index falls by up to 20%; 1% loss for every 1% decline in index beyond 20%
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Initial level: | 1,889.93
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Pricing date: | Sept. 25
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Settlement date: | Sept. 30
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 4.4%
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Cusip: | 40056X7D2
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