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Published on 10/23/2019 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $71,000 leveraged notes linked to Nasdaq-100 Technology Sector

By Sarah Lizee

Olympia, Wash., Oct. 23 – GS Finance Corp. priced $71,000 of 0% leveraged notes due Oct. 25, 2023 linked to the Nasdaq-100 Technology Sector 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 110% of the index return, up to maximum of par plus 98%. Investors will receive par if the index falls by up to 25% and will be exposed to any decline in the index if it falls by more than 25%.

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 notes
Underlying index:Nasdaq-100 Technology Sector
Amount:$71,000
Maturity:Oct. 25, 2023
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 110% of index return, up to maximum of par plus 98%; par if the index falls by up to 25% full; exposure to any decline in the index if it falls by more than 25%
Initial level:4,808.761
Pricing date:Oct. 18
Settlement date:Oct. 25
Underwriter:Goldman Sachs & Co. LLC
Fees:0.3%
Cusip:40056XEU6

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