Published on 8/14/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $770,000 of leveraged index-linked notes on Stoxx
By Sarah Lizee
Olympia, Wash., Aug. 14 – GS Finance Corp. priced $770,000 of 0% leveraged index-linked notes due Aug. 11, 2022 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 3.301 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. JPMorgan is the placement agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Leveraged index-linked notes
|
Underlying index: | Euro Stoxx 50 index
|
Amount: | $770,000
|
Maturity: | Aug. 11, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index return is positive, par plus 3.301 times the index return; otherwise, par plus the return of the index with full exposure to the loss
|
Initial index level: | 3,333.74
|
Pricing date: | Aug. 9
|
Settlement date: | Aug. 14
|
Underwriter: | Goldman Sachs & Co. LLC
|
Placement agent: | JPMorgan
|
Fees: | 2.175%
|
Cusip: | 40056X2L9
|
© 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.