Published on 6/6/2019 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $235,000 leveraged basket-linked notes on indexes, ETF
By Sarah Lizee
Olympia, Wash., June 6 – GS Finance Corp. priced $235,000 of 0% leveraged notes due Dec. 7, 2023 linked to a basket of indexes and an ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 60% weight, the iShares MSCI Emerging Markets ETF with a 20% weight and the Nikkei 225 index with a 20% weight.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the basket return is positive, the payout at maturity will be par plus 1.75 times the basket return.
If the basket declines by up to 40%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the basket from its initial level.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Leveraged notes
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Underlying indexes: | Euro Stoxx 50 index (60% weight), iShares MSCI Emerging Markets ETF (20% weight) and Nikkei 225 index (20% weight)
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Amount: | $235,000
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Maturity: | Dec. 7, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus 1.75 times the basket return; if the basket declines by up to 40%, par; otherwise, investors will lose 1% for each 1% decline of the basket from its initial level
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Initial levels: | 3,300.22 for Stoxx, $41.08 for ETF, 20,410.88 for Nikkei
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Pricing date: | June 3
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Settlement date: | June 6
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Agent: | Goldman Sachs & Co.
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Fees: | 0.95%
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Cusip: | 40056FFR1
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