Published on 6/16/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $562,000 index-linked notes on Russell, S&P MidCap
By Sarah Lizee
Olympia, Wash., June 16 – GS Finance Corp. priced $562,000 of 0% index-linked notes due June 15, 2023 tied to the Russell 2000 index and the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index finishes at or above its initial level, the payout will be par plus 1.3525 times the return of the lesser performing index.
If either index finishes below its initial level, investors will be fully exposed to the decline of the lesser performing index.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying indexes: | Russell 2000 and S&P MidCap 400
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Amount: | $562,000
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Maturity: | June 15, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above its initial level, the payout will be par plus 1.3525 times the return of the lesser performing index; if either index finishes below its initial level, full exposure to the decline of the lesser performing index
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Initial levels: | 1,356.224 for Russell, 1,724.62 for S&P MidCap
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Pricing date: | June 11
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Settlement date: | June 16
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 2.175%
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Cusip: | 40057CAZ4
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