Published on 6/17/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $555,000 leveraged buffered notes on iShares EM
By Marisa Wong
Morgantown, W.Va., June 17 – GS Finance Corp. priced $555,000 of 0% leveraged buffered ETF-linked notes due May 31, 2024 tied to the iShares Russell 1000 Value exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the ETF return is positive, the payout at maturity will be par plus 1.292 times the ETF gain. Investors will receive par if the ETF falls by up to 20% and lose 1% for every 1% decline in the ETF beyond 20%.
Goldman, Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered ETF-linked notes
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Underlying ETF: | iShares Russell 1000 Value ETF
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Amount: | $555,000
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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 ETF return is positive, par plus 1.292 times the ETF gain; par if the ETF falls by up to 20%; 1% loss for every 1% decline in the ETF beyond 20%
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Initial value: | $121.82
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Pricing date: | May 28
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Settlement date: | May 31
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 3.1%
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Cusip: | 40056FFT7
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