Published on 6/10/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.13 million index-linked notes tied to S&P, Russell
By Sarah Lizee
Olympia, Wash., June 10 – GS Finance Corp. priced $2.13 million of 0% index-linked notes due June 10, 2021 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 equal to or greater than their initial values, the payout at maturity will be par plus the return of the lesser performing index.
If either index declines by up to 15%, the payout will be par plus the absolute value of the return of the lesser performing index.
Otherwise, the payout will be par plus the return of the lesser performing index with full exposure to the decline.
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: | $2,133,000
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Maturity: | June 10, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final values of both indexes are equal to or greater than their initial values, par plus the return of the lesser performing index; if either index declines by up to 15%, par plus the absolute value of the return of the lesser performing index; otherwise, par plus the return of the lesser performing index with full exposure to the decline
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Initial levels: | 2,826.15 for S&P and 1,506.793 for Russell
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Pricing date: | June 5
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Settlement date: | June 10
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.975%
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Cusip: | 40056FJV8
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