Published on 5/23/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $4.65 million trigger jump securities on Apple
By Marisa Wong
Morgantown, W.Va., May 23 – GS Finance Corp. priced $4.65 million of 0% trigger jump securities due May 5, 2021 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the stock return is zero or positive, the payout at maturity will be par plus 29.3%.
The payout will be par if the stock declines by 10% or less. If the stock declines by more than 10%, investors will lose 1% for each 1% decline from the initial price.
Goldman Sachs & Co. is the agent, with Morgan Stanley Wealth Management handling distribution.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Trigger jump securities
|
Underlying stock: | Apple Inc. (Symbol: AAPL)
|
Amount: | $4,652,040
|
Maturity: | May 5, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the stock return is zero or positive, par plus 29.3%; par if the stock declines by 10% or less; otherwise, 1% loss for each 1% decline from the initial price
|
Initial price: | $200.67
|
Downside threshold: | $180.603, 90% of initial price
|
Pricing date: | April 30
|
Settlement date: | May 3
|
Underwriter: | Goldman, Sachs & Co.
|
Distribution: | Morgan Stanley Wealth Management
|
Fees: | 2.675%
|
Cusip: | 36257D501
|
|
© 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.