Published on 4/14/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.54 million autocallable index-linked notes on Nasdaq, Dow, S&P
Chicago, April 14 – GS Finance Corp. priced $1.54 million of 0% autocallable index-linked notes due Oct. 6, 2022 tied to the Nasdaq-100 index, the Dow Jones industrial average and 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 notes will be called at $1,240 per $1,000 principal amount if the closing level of each underlier is above 115% of its initial level on the May 3, 2021 call observation date.
If the notes are not called and each index closes at or above its initial level, investors will receive par plus 160% of the worst performing index return.
If the worst performing index falls, but not more than the 50% trigger buffer level, investors will receive par.
Otherwise, investors will be exposed to any losses of the least-performing index.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | Nasdaq-100, Dow Jones industrial average, S&P 500
|
| Amount: | $1,540,000
|
| Maturity: | Oct. 6, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 160% of return of worst performing index, if all three indexes finish above initial level; if worst performer declines but not more than 50%, par; otherwise, investors will be exposed to any losses of the least-performing index
|
| Call: | Automatically at $1,240 per $1,000 principal amount if the closing level of each underlier is above 115% of its initial level on the May 3, 2021 call observation date
|
| Initial index levels: | 2,526.90 for S&P, 7,635.658 for Nasdaq and 21,413.44 for Dow
|
| Trigger buffer levels: | 50% of initial levels
|
| Pricing date: | April 3
|
| Settlement date: | April 8
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 0.425%
|
| Cusip: | 40056YYP3
|
|
|
|
|
© 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.
