Published on 12/17/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $2.26 million leveraged notes linked to Topix
By Wendy Van Sickle
Columbus, Ohio, Dec. 17 – GS Finance Corp. priced $2.26 million of 0% leveraged notes due Dec. 19, 2022 linked to the Topix 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 130.5% of the index return. Investors will receive par if the index falls by up to 35% and will be fully exposed to the loss if the index falls by more than 35%.
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 notes
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Underlying index: | Topix
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Amount: | $2,258,000
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Maturity: | Dec. 19, 2022
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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 130.5% of index return; par if index falls by up to 35%; full exposure to loss if index falls by more than 35%
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Initial level: | 1,714.95
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Pricing date: | Dec. 11
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Settlement date: | Dec. 18
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.25%
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Cusip: | 40056XVE3
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