Published on 8/12/2019 in the Prospect News Structured Products Daily.
New Issue: GS prices $1.36 million leveraged buffered index-linked notes tied to S&P 500
By Kiku Steinfeld
Chicago, Aug. 12 – GS Finance Corp. priced $1.36 million of 0% leveraged buffered index-linked notes due July 31, 2024 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index closes above its initial level, par plus 1.06 times the gain.
If the index finishes flat or falls by up to 15%, investors will receive par. Investors will lose 1% for every 1% decline beyond 15%.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Issue: | Leveraged buffered index-linked notes
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Underlying indexes: | S&P 500
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Amount: | $1,360,000
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Maturity: | July 31, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index closes above initial level, par plus 1.06 times the gain; if index finishes flat or falls by up to 15%, par; 1% loss for every 1% decline beyond 15%
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Initial index levels: | 3,025.86
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Pricing date: | July 26
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Settlement date: | July 31
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Underwriter: | Goldman, Sachs & Co. LLC
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Fees: | 4.28%
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Cusip: | 40056FRV9
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