Published on 1/8/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $6.79 million trigger PLUS due 2023 tied to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Jan. 8 – GS Finance Corp. priced $6.79 million of 0% trigger Performance Leveraged Upside Securities due Jan. 5, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par of $10 plus 2 times any gain in the index.
Investors will receive par if the index falls by up to 25% and will lose 1% for each 1% decline from the initial level if the index finishes beyond 75%.
Goldman Sachs & Co. is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $6,793,960
|
| Maturity: | Jan. 5, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 2 times any gain in the index; par if index falls by up to 25%; otherwise, 1% loss for each 1% decline from initial level
|
| Initial level: | 3,748.47
|
| Trigger level: | 2,811.3525, 75% of initial level
|
| Pricing date: | Dec. 30
|
| Settlement date: | Jan. 3
|
| Agent: | Goldman Sachs & Co.
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3.25%
|
| Cusip: | 36259E713
|
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