Published on 3/19/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $3.09 million PLUS linked to S&P 500
By Angela McDaniels
Tacoma, Wash., March 19 – GS Finance Corp. priced $3.09 million of 0% Performance Leveraged Upside Securities due July 6, 2020 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 index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 14.1%. If the index return is negative, investors will be exposed to the decline.
Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is acting as dealer.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group Inc.
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | S&P 500
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Amount: | $3,093,950
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Maturity: | July 6, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 300% of index return, subject to 14.1% maximum return; exposure to any index decline
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Initial level: | 2,822.48
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Pricing date: | March 15
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Settlement date: | March 20
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Underwriter: | Goldman Sachs & Co. LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 2.35%
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Cusip: | 36257D246
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