Published on 7/1/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $4.34 million digital notes linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, July 1 – GS Finance Corp. priced $4.34 million of 0% digital index-linked notes due Dec. 27, 2021 tied to 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 the index return is at least 85% of its initial level, the payout at maturity will be par plus 10.33%. Otherwise, investors will lose 1.1765% for every 1% that the index declines beyond 15%.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Digital index-linked notes
|
Underlying index: | S&P 500 index
|
Amount: | $4,341,000
|
Maturity: | Dec. 27, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is at least 85% of initial level, par plus 10.33%; otherwise, 1.1765% loss per 1% loss beyond 15%
|
Initial index level: | 3,131.29
|
Pricing date: | June 23
|
Settlement date: | June 30
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 1.08%
|
Cusip: | 40057CB42
|
|
© 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.