Published on 9/27/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.09 million trigger notes linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Sept. 27 – GS Finance Corp. priced $2.09 million of 0% trigger notes due Oct. 7, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is at least 85% of its initial level, the payout at maturity will be par plus 7.55%.
Otherwise, investors will be fully exposed to the loss.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC 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: | Trigger notes
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Underlying index: | S&P 500
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Amount: | $2,093,000
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Maturity: | Oct. 7, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is at least 85% of initial level, par plus 7.55%; otherwise, full exposure to loss
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Initial level: | 2,992.07
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Final level: | Average of closing levels on five trading days ending Oct. 2, 2020
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Pricing date: | Sept. 20
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Settlement date: | Sept. 25
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Underwriter: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
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Fees: | 1.1%
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Cusip: | 40056XDJ2
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