Published on 5/10/2019 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $400,000 leveraged basket-linked notes on indexes
By Wendy Van Sickle
Columbus, Ohio, May 10 – GS Finance Corp. priced $400,000 of 0% leveraged notes due May 11, 2023 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 19% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with an 8% weight.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the basket return is positive, the payout at maturity will be par plus 1.45 times the basket return.
If the basket decline, the payout will be par.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Leveraged notes
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Underlying indexes: | Euro Stoxx 50 (36% weight), Topix (27% weight), FTSE 100 (19% weight), Swiss Market (10% weight), S&P/ASX 200 (8% weight)
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Amount: | $400,000
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Maturity: | May 11, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus 1.45 times the basket return; par if basket declines
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Initial levels: | 3,401.16 for Euro Stoxx, 7,260.47 for FTSE, 1,599.84 for Topix, 9,577.38 for Swiss Market, 6,295.679 for S&P/ASX
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Pricing date: | May 7
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Settlement date: | May 10
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Agent: | Goldman Sachs & Co.
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Fees: | 0.3%
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Cusip: | 40056FBV67
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