E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 6/19/2019 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $253,000 of leveraged index-linked notes on Stoxx

By Sarah Lizee

Olympia, Wash., June 19 – GS Finance Corp. priced $253,000 of 0% leveraged index-linked notes due July 22, 2020 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is positive, the payout at maturity will be par plus 1.83 times the index return.

Otherwise, the payout will be par plus the return of the index with full exposure to the loss.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Leveraged index-linked notes
Underlying index:Euro Stoxx 50 index
Amount:$253,000
Maturity:July 22, 2020
Coupon:0%
Price:Par
Payout at maturity:If the index return is positive, par plus 1.83 times the index return; otherwise, par plus the return of the index with full exposure to the loss
Initial index level:3,383.21
Pricing date:June 17
Settlement date:June 20
Underwriter:Goldman Sachs & Co. LLC
Fees:2.03%
Cusip:40056FNZ4

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.