Published on 7/13/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $148,000 index-linked notes on Euro Stoxx 50
By Marisa Wong
Los Angeles, July 13 – GS Finance Corp. priced $148,000 of 0% index-linked notes due June 29, 2028 tied to the Euro Stoxx 50 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 positive, the payout at maturity will be par plus the index return, capped at $1,600 per $1,000 of notes.
Otherwise, the payout will be par.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $148,000
|
| Maturity: | June 29, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at 60%; otherwise, par
|
| Initial index level: | 3,218.91
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 4.28%
|
| Cusip: | 40057C5A5
|
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