Published on 6/17/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.50 million leveraged notes linked to the Dow
By Marisa Wong
Morgantown, W.Va., June 17 – GS Finance Corp. priced $1,495,000 of 0% leveraged index-linked notes due June 7, 2022 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par of $1,000 plus 1.085 times any index gain.
If the index finishes flat or falls by up to 40%, the payout will be par. Otherwise, the payout will be par plus the index return with full exposure to losses.
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 index-linked notes
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| Underlying index: | Dow Jones industrial average
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| Amount: | $1,495,000
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| Maturity: | June 7, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.085 times any index gain; par if index finishes flat or falls by up to 40%; otherwise, full exposure to losses
|
| Initial index level: | 25,347.77
|
| Pricing date: | May 28
|
| Settlement date: | May 31
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.25%
|
| Cusip: | 40056FJS5
|
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