Published on 2/6/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $532,000 digital index-linked notes on Stoxx
By Kiku Steinfeld
Chicago, Feb. 6 – GS Finance Corp. priced $532,000 of 0% digital index-linked notes due Aug. 2, 2021 linked 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 finishes at or above its initial level, the payout will be the greater of par plus the return and $1,145 per $1,000 note.
If the index declines by up to 25%, the payout will be par.
Otherwise, the payout will be par plus the index return with full exposure to the decline.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Digital index-linked notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $532,000
|
| Maturity: | Aug. 2, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, the greater of par plus the return and $1,145 per $1,000 note; if the index declines by up to 25%, par; otherwise, par plus the index return with full exposure to the decline
|
| Initial index level: | 3,779.16
|
| Barrier level: | 75% of initial level
|
| Pricing date: | Jan. 24
|
| Settlement date: | Jan. 31
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.15%
|
| Cusip: | 40056Y6T6
|
|
|
© 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.
