Published on 9/1/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.89 million digital notes linked to S&P 500
By Marisa Wong
Los Angeles, Sept. 1 – GS Finance Corp. priced $1.89 million of 0% digital index-linked notes due Aug. 31, 2022 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 greater than or equal to negative 10%, the payout will be par plus 9.6%.
If the index return is less than negative 10%, investors will lose 1% for every 1% index decline beyond 10%.
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: | $1,889,000
|
Maturity: | Aug. 31, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index gains, finishes flat or falls by up to 10%, par plus 9.6%; otherwise, 1% loss for every 1% index decline beyond 10%
|
Initial index level: | 3,478.73
|
Pricing date: | Aug. 26
|
Settlement date: | Aug. 31
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 2.975%
|
Cusip: | 40057CKT7
|
|
© 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.