Published on 8/22/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.94 million index-linked notes due 2022 tied to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Aug. 22 – GS Finance Corp. priced $2.94 million of 0% index-linked notes due Aug. 31, 2022 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 return is greater than or equal to its initial level, the payout at maturity will be par plus the lesser of the return and 10.8%.
Otherwise, the payout will be par.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement 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 index: | S&P 500
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Amount: | $2,942,000
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Maturity: | Aug. 31, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is greater than or equal its initial level, par plus the lesser of the return and 10.8%; if the index declines, par
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Initial level: | 2,923.65
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Pricing date: | Aug. 19
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Settlement date: | Aug. 22
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Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
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Fees: | 2.25%
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Cusip: | 40056FYT6
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