E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 4/7/2020 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $2.25 million fixed-coupon index-linked notes on Dow, Nasdaq

Chicago, April 7 – GS Finance Corp. priced $2.25 million of 10% fixed-coupon index-linked notes due March 24, 2021 tied to the lesser performing of the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

Interest is payable quarterly.

The payout at maturity will be par unless either index falls by more than 50%, in which case investors will be fully exposed to the losses beyond the trigger buffer level.

Goldman, Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Fixed-coupon index-linked notes
Underlying indexes:Dow Jones industrial average and Nasdaq-100
Amount:$2,250,000
Maturity:March 24, 2021
Coupon:10%, payable quarterly
Price:Par
Payout at maturity:Par unless either index falls by more than 50%, in which case full exposure to losses beyond trigger buffer level
Initial levels:20,087.19 for Dow and 7,288.523 for Nasdaq
Trigger buffer levels:50% of initial levels
Pricing date:March 19
Settlement date:March 24
Agent:Goldman, Sachs & Co. LLC
Fees:1.1%
Cusip:40056YVT8

© 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.