Published on 9/6/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $75,000 digital index-linked notes due 2024 on Stoxx
By Sarah Lizee
Olympia, Wash., Sept. 6 – GS Finance Corp. priced $75,000 of 0% digital index-linked notes due Sept. 3, 2024 linked 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 finishes flat or positive, the payout at maturity will be the greater of par plus the return of the index and $1,550 per $1,000 of notes.
If the index falls by up to 40%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the index from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Digital index-linked notes
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Underlying index: | Euro Stoxx 50
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Amount: | $75,000
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Maturity: | Sept. 3, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes flat or positive, greater of par plus the return of the index and $1,550 per $1,000 of notes; if the index falls by up to 40%, par; otherwise, investors will be fully exposed to the decline of the index from its initial level
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Initial index level: | 3,365.38
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Trigger buffer level: | 60% of initial level
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Pricing date: | Aug. 28
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Settlement date: | Aug. 30
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 4.35%
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Cusip: | 40056FYQ2
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