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Published on 12/10/2019 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $3.65 million of leveraged index-linked notes on S&P

By Sarah Lizee

Olympia, Wash., Dec. 10 – GS Finance Corp. priced $3.65 million of 0% leveraged index-linked notes due Jan. 28, 2021 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The payout at maturity will be par plus 3 times any index gain, capped at $1,119 per $1,000 of notes.

Investors will be exposed to any decline.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Leveraged index-linked notes
Underlying index:S&P 500 index
Amount:$3,652,000
Maturity:Jan. 28, 2021
Coupon:0%
Price:Par
Payout at maturity:Par plus 3 times any index gain capped at $1,119 per $1,000 of notes; exposure to any decline
Initial index level:3,133.64
Pricing date:Nov. 25
Settlement date:Nov. 29
Agent:Goldman Sachs & Co. LLC
Fees:2.5%
Cusip:40056XQL3

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