Published on 5/4/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $647,000 index-linked notes on Russell, S&P
By Sarah Lizee
Olympia, Wash., May 4 – GS Finance Corp. priced $647,000 0% index-linked notes due May 1, 2025 tied to the Russell 2000 index and 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.
If worse-performing index gains or finishes flat, the payout will be 105% of the worse-performing index’s return.
If any index falls by up to 30%, the payout will be par plus the absolute value of the return of the worse-performing index.
Investors will be exposed to the loss of the worse-performing index if it falls by more than 30%.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Index-linked notes
|
Underlying indexes: | Russell 2000 and S&P 500
|
Amount: | $647,000
|
Maturity: | May 1, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If worse-performing index gains or finishes flat, 105% of the worse-performing index’s return; if any index falls by up to 30%, par plus the absolute value of the return of the worse-performing index; investors will be exposed to the loss of the worse-performing index if it falls by more than 30%
|
Initial levels: | 1,281.878 for Russell, 2,878.48 for S&P
|
Barrier levels: | 70% of initial levels
|
Pricing date: | April 27
|
Settlement date: | April 30
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 4.17%
|
Cusip: | 40057E3D7
|
|
© 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.