Published on 8/29/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $177,000 leveraged buffered notes linked to Russell
By Angela McDaniels
Tacoma, Wash., Aug. 29 – GS Finance Corp. priced $177,000 of 0% leveraged buffered notes due March 3, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum settlement amount of $1,200 per $1,000 principal amount of notes. Investors will receive par if the index falls by up to 10% and lose 1% for every 1% that the index may decline beyond 10%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Leveraged buffered notes
|
Underlying index: | Russell 2000
|
Amount: | $177,000
|
Maturity: | March 3, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is positive, par plus 200% of index return, subject to 20% maximum return; par if index falls by up to 10%; 1% loss for every 1% decline in index beyond 10%
|
Initial level: | 1,456.039
|
Pricing date: | Aug. 27
|
Settlement date: | Aug. 30
|
Underwriter: | Goldman Sachs & Co. LLC
|
Fees: | 3.175%
|
Cusip: | 40056FW84
|
© 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.