Published on 8/13/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.17 million leveraged buffered basket-linked notes on indexes
By Wendy Van Sickle
Columbus, Ohio, Aug. 13 – GS Finance Corp. priced $2.17 million of 0% leveraged buffered notes due Nov. 4, 2021 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 42% weight, the Russell 2000 index with an 18% weight, the iShares MSCI EAFE ETF with a 25% weight and the iShares MSCI Emerging Markets ETF with a 15% weight.
The payout at maturity will be par plus 1.5 times the basket gain up to 11.3%.
Investors will receive par if the basket finishes flat or falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Leveraged buffered index-linked notes
|
Underlying indexes: | S&P 500 index (42%), Russell 2000 index (18%), MSCI EAFE index (25%), iShares MSCI Emerging Markets (15%)
|
Amount: | $2,168,000
|
Maturity: | Nov. 4, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If basket return is positive, par plus 1.5 times basket gain, capped at 11.3%; par if basket finishes flat or declines by up to 10%; 1% loss for every 1% decline beyond 10%
|
Initial levels: | 3,271.12 for S&P, 1,480.427 for Russell, 1,820.21 for EAFE, $43.29 for Emerging Markets
|
Buffer level: | 90% of initial level
|
Pricing date: | July 31
|
Settlement date: | Aug. 5
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 0.7%
|
Cusip: | 40057CLL3
|
© 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.