Published on 4/14/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $4.76 million index-linked notes on S&P, Nasdaq
By Sarah Lizee
Olympia, Wash., April 14 – GS Finance Corp. priced $4.76 million of 0% index-linked notes due April 6, 2023 tied to the S&P 500 index 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.
If each index closes at or above its initial level, the payout will be par plus 1.55 times the return of the lesser performing index.
If either index falls by up to 20%, 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.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Index-linked notes
|
Underlying indexes: | S&P 500 index and Nasdaq-100 index
|
Amount: | $4,758,000
|
Maturity: | April 6, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index closes at or above its initial level, par plus 1.55 times return of the lesser performing index; if either index falls by up to 20%, par; otherwise, investors will lose 1% for every 1% decline of the lesser performing index
|
Initial index levels: | 2,488.65 for S&P, 7,528.114 for Nasdaq
|
Barrier levels: | 80% of initial levels
|
Pricing date: | April 3
|
Settlement date: | April 8
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 1.375%
|
Cusip: | 40056YYE8
|
|
© 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.