Published on 1/31/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $752,000 leveraged notes linked to Euro Stoxx 50
By Sarah Lizee
Olympia, Wash., Jan. 31 – GS Finance Corp. priced $752,000 of 0% leveraged index-linked notes due Jan. 31, 2025 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 2.1 times the index gain.
If the index finishes flat or falls, the payout will be par.
Goldman Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Leveraged index-linked notes
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Underlying index: | Euro Stoxx 50
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Amount: | $752,000
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Maturity: | Jan. 31, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 2.1 index gain; otherwise, par
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Initial index level: | 3,137.27
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Pricing date: | Jan. 28
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Settlement date: | Jan. 31
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Underwriter: | Goldman Sachs & Co.
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Fees: | 4.5%
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Cusip: | 40056EPG7
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