Published on 5/13/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $344,000 leveraged notes linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., May 13 – GS Finance Corp. priced $344,000 of 0% leveraged index-linked notes due April 30, 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.
The payout at maturity will be par plus 1.6 times any index gain.
If the index finishes flat or falls, the payout will be par.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged index-linked notes
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| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $344,000
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| Maturity: | April 30, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 1.6 times any index gain; par if index finishes flat or falls
|
| Initial index level: | 3,491.92
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 4.675%
|
| Cusip: | 40056F5L5
|
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