Published on 12/6/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $146,000 of leveraged notes on Nasdaq-100 Technology
By Sarah Lizee
Olympia, Wash., Dec. 6 – GS Finance Corp. priced $146,000 of 0% leveraged index-linked notes due Nov. 30, 2023 tied to the Nasdaq-100 Technology Sector index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus 1.1 times the index return, capped at $1,880 per $1,000 of notes.
If the index falls by up to 25%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the index.
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: | Leveraged index-linked notes
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Underlying index: | Nasdaq-100 Technology Sector index
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Amount: | $146,000
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Maturity: | Nov. 30, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus 1.1 times the index return capped at $1,880 per $1,000 of notes; if the index falls by up to 25%, par; otherwise, investors will be fully exposed to the decline of the index
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Initial index level: | 5,093.316
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Pricing date: | Nov. 22
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Settlement date: | Nov. 29
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.3%
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Cusip: | 40056XKV7
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