Published on 6/17/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.05 million index-linked notes on Dow, S&P
By Wendy Van Sickle
Columbus, Ohio, June 17 – GS Finance Corp. priced $1.05 million of 0% index-linked notes due June 15, 2023 tied to the Dow Jones industrial average 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 par plus 1.5 times the return of the lesser performing index.
Otherwise, investors will be fully exposed to the loss of the worse-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: | Dow Jones industrial average and S&P 500
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Amount: | $1.05 million
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Maturity: | June 15, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worse-performing index gains or finishes flat, par plus 1.5 times return of lesser performing index; investors will be fully exposed to the loss of the worse-performing index
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Initial levels: | 25,128.17 for Dow, 3,002.1 for S&P
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Pricing date: | June 11
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Settlement date: | June 16
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 2.175%
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Cusip: | 40057CAY7
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