Published on 3/4/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $4.17 million of leveraged index-linked notes on S&P
By Kiku Steinfeld
Chicago, March 4 – GS Finance Corp. priced $4.17 million of 0% leveraged index-linked notes due May 28, 2021 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus 3 times any index gain, capped at $1,173.7 per $1,000 of notes.
Investors will be fully exposed to the decline of the index.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Leveraged index-linked notes
|
Underlying index: | S&P 500 index
|
Amount: | $4,165,000
|
Maturity: | May 28, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 3 times any index gain, capped at $1,173.7 per $1,000 of notes; full exposure to losses if index declines
|
Initial index level: | 3,116.39
|
Pricing date: | Feb. 26
|
Settlement date: | March. 4
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 0.85%
|
Cusip: | 40056YJQ8
|
|
|
© 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.