Published on 12/12/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $11.16 million market-linked notes tied to Euro Stoxx 50
By Kiku Steinfeld
Chicago, Dec. 12 – GS Finance Corp. priced $11.16 million of 0% market-linked notes due June 4, 2025 tied to the Euro Stoxx 50, 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 of $10 plus 125% of the index return.
Otherwise, the payout will be par.
Goldman Sachs & Co. is the underwriter with Morgan Stanley Wealth Management as dealer.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Market-linked notes
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Underlying index: | Euro Stoxx 50
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Amount: | $11,156,720
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Maturity: | June 4, 2025
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 125% of index return; otherwise, par
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Initial index level: | 3,703.58
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Pricing date: | Nov. 29
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Settlement date: | Dec. 4
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Underwriter: | Goldman Sachs & Co.
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 3.85%
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Cusip: | 36258L742
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