Published on 4/14/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $462,000 index-linked notes on Stoxx, EAFE
By Sarah Lizee
Olympia, Wash., April 14 – GS Finance Corp. priced $462,000 of 0% index-linked notes due April 8, 2025 tied to the Euro Stoxx 50 index and the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index closes at or above its initial level, the payout will be par plus 2.5 times the return of the lesser performing index.
If either index falls by up to 40%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the lesser performing index.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying indexes: | Euro Stoxx 50 index and MSCI EAFE index
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Amount: | $462,000
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Maturity: | April 8, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index closes at or above its initial level, par plus 2.5 times return of the lesser performing index; if either index falls by up to 40%, par; otherwise, investors will lose 1% for every 1% decline of the lesser performing index
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Initial index levels: | 2,662.99 for Stoxx, 1,487.08 for EAFE
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Barrier levels: | 60% of initial levels
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Pricing date: | April 3
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Settlement date: | April 8
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.45%
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Cusip: | 40056YYN8
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