Published on 11/1/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $181,000 index-linked notes on S&P, Russell
By Sarah Lizee
Olympia, Wash., Nov. 1 – GS Finance Corp. priced $181,000 of 0% index-linked notes due Oct. 31, 2024 tied to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index closes at or above its initial level, the payout will be par plus 1.02 times the return of the lesser performing index.
If either index falls by up to 35%, the payout will be par plus the absolute value of the lesser performing index.
If either index falls by more than 35%, the payout will be par plus the return of the lesser performing index.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Index-linked notes
|
Underlying indexes: | S&P 500, Russell 2000
|
Amount: | $181,000
|
Maturity: | Oct. 31, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index closes at or above its initial level, par plus 1.02 times the return of the lesser performing index; if either index falls by up to 35%, par plus the absolute value of the lesser performing index; if either index falls by more than 35%, par plus the return of the lesser performing index
|
Initial index levels: | 3,039.42 for S&P, 1,571.933 for Russell
|
Pricing date: | Oct. 28
|
Settlement date: | Oct. 31
|
Agent: | Goldman Sachs & Co.
|
Fees: | 4.95%
|
Cusip: | 40056XEA0
|
|
© 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.