Published on 7/20/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.62 million index-linked notes on S&P, Nasdaq, Dow
By Sarah Lizee
Olympia, Wash., July 20 – GS Finance Corp. priced $1.62 million of 0% index-linked notes due July 21, 2025 tied to the S&P 500 index, the Nasdaq-100 index and the Dow Jones industrial average, 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 1.52 times the least performing index return.
If any index falls by up to 30%, the payout will be par.
If any index falls by more than 30%, investors will be fully exposed to the decline of the least performing index.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Index-linked notes
|
Underlying indexes: | S&P 500 index, Nasdaq-100 index and Dow Jones industrial average
|
Amount: | $1,615,000
|
Maturity: | July 21, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index finishes at or above its initial level, par plus 1.52 times least performing index return; if any index falls by up to 30%, par; if any index falls by more than 30%, investors will be fully exposed to the decline of the least performing index
|
Initial index levels: | 3,215.57 for S&P, 10,626.46 for Nasdaq and 26,734.71 for Dow
|
Barrier levels: | 70% of initial levels
|
Pricing date: | July 16
|
Settlement date: | July 21
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 4.475%
|
Cusip: | 40057CG88
|
|
© 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.