E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 7/10/2020 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $48,000 index-linked notes on Nasdaq indexes

By Wendy Van Sickle

Columbus, Ohio, July 10 – GS Finance Corp. priced $48,000 of 0% index-linked notes due July 6, 2023 tied to the Nasdaq-100 Technology Sector 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 finishes at or above its initial level, the payout at maturity will be par plus the least-performing index’s return.

If either index falls by up to 10%, the payout will be par.

If either index falls by more than 10%, investors will be exposed to the decline of the least-performing index beyond 10%.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Index-linked notes
Underlying indexes:Nasdaq-100 Technology Sector index and Nasdaq-100 index
Amount:$48,000
Maturity:July 6, 2023
Coupon:0%
Price:Par
Payout at maturity:If each index finishes at or above its initial level, par plus least-performing index’s return; if either index falls by up to 10%, par; if either index falls by more than 10%, investors will be exposed to the decline of the least-performing index beyond 10%
Initial index levels:5,960.268 for Nasdaq-100 Technology, 10,156.85 for Nasdaq-100
Pricing date:June 30
Settlement date:July 6
Agent:Goldman Sachs & Co. LLC
Fees:Up to 1.75%
Cusip:40057C5E7

© 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.