Published on 6/21/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.72 million index-linked notes on Russell, S&P
By Sarah Lizee
Olympia, Wash., June 21 – GS Finance Corp. priced $1.72 million of 0% index-linked notes due June 5, 2024 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
At maturity, if the return of both indexes is greater than or equal to their initial levels, the payout will be par plus 1.45 times the return of the lesser performing index.
If either index either index falls by up to 50%, the payout will be par.
Otherwise, investors will be exposed to any losses of the lesser performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | Russell 2000, S&P 500
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Amount: | $1,716,000
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Maturity: | June 5, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of both indexes is greater than or equal to their initial levels, par plus 1.45 times the return of the lesser performing index; if either index either index falls by up to 50%, par; otherwise, investors will be exposed to any losses of the lesser performing index
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Initial levels: | 2,752.06 for S&P and 1,465.487 for Russell
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Pricing date: | May 31
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Settlement date: | June 5
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.96%
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Cusip: | 40056FFB6
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