Published on 2/13/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $912,000 index-linked notes tied to S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, Feb. 13 – GS Finance Corp. priced $912,000 of 0% index-linked notes due Feb. 1, 2024 tied to the lesser performing of the Russell 2000 index and 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 return of each index is positive, the payout at maturity will be par plus 1.45 times the return of the lesser performing index.
If the lesser performing index falls by up to 50%, the payout will be par.
Otherwise, investors will be fully exposed to the loss of the lesser performing index.
Goldman Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Index-linked notes
|
Underlying indexes: | S&P 500 and Russell 2000
|
Amount: | $912,000
|
Maturity: | Feb. 1, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the return of each index is positive, par plus 1.45 times the return of the lesser performing index; if the lesser performing index falls by up to 50%, par; otherwise, full exposure to loss of the lesser performing index
|
Initial levels: | 2,643.85 for S&P, 1,473.536 for Russell
|
Pricing date: | Jan. 28
|
Settlement date: | Jan. 31
|
Underwriter: | Goldman Sachs & Co.
|
Fees: | 4.475%
|
Cusip: | 40056EQ76
|
|
© 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.