Published on 10/16/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.58 million trigger notes linked to S&P 500
By Marisa Wong
Los Angeles, Oct. 16 – GS Finance Corp. priced $2.58 million of 0% trigger notes due Oct. 20, 2021 linked 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 final level of the index is equal to or greater than 80% of the initial level, the payout at maturity will be par plus 8.4%.
Otherwise, the payout will be par plus the index return with full exposure to any losses.
Goldman Sachs & Co. LLC is the underwriter with JPMorgan as placement agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Trigger notes
|
Underlying index: | S&P 500
|
Amount: | $2.58 million
|
Maturity: | Oct. 20, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the final level of the index is equal to or greater than 80% of the initial level, par plus 8.4%; otherwise, par plus the index return with full exposure to any losses
|
Initial index level: | 3,348.44
|
Final level: | Average of index closing levels on five trading days ending Oct. 15, 2021
|
Pricing date: | Oct. 2
|
Settlement date: | Oct. 7
|
Underwriter: | Goldman Sachs & Co. LLC
|
Placement agent: | JPMorgan
|
Fees: | 1.1%, including | selling concession of up to 1%
|
Cusip: | 40057ECE5
|
|
|
© 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.