Published on 5/31/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.15 million index-linked notes tied to S&P, Russell
By Sarah Lizee
Olympia, Wash., May 31 – GS Finance Corp. priced $2.15 million of 0% index-linked notes due May 31, 2024 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final values of both indexes are greater than their initial values, the payout at maturity will be par plus 1.43 times the return of the lesser performing index.
If either index falls by up to 40%, the payout will be par.
Otherwise, investors will be filly exposed to the decline of the lesser performing index from its initial level.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying indexes: | S&P 500, Russell 2000
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Amount: | $2,153,000
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Maturity: | May 31, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If both indexes finish above initial values, par plus 1.43 times index return of lesser performing index; if either index falls by up to 40%, par; otherwise, investors will be filly exposed to the decline of the lesser performing index from its initial level
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Initial levels: | 2,802.39 for S&P and 1,504.019 for Russell
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Pricing date: | May 28
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Settlement date: | May 31
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 4.475%
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Cusip: | 40056FEK7
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