Published on 5/2/2019 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $248,000 basket-linked notes tied to three indexes
By Sarah Lizee
Olympia, Wash., May 2 – GS Finance Corp. priced $248,000 of 0% notes due May 2, 2024 linked to a basket of equally-weighted indexes including the S&P 500 index, 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 the basket return is positive, the payout at maturity will be par plus the basket return, capped at $1,380 per $1,000 of notes.
If the basket finishes flat or declines, the payout will be par.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Notes
|
| Underlying indexes: | S&P 500 index, Russell 2000 index and S&P MidCap 400 index; equally weighted
|
| Amount: | $248,000
|
| Maturity: | May 2, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the basket return is positive, par plus the basket return, capped at $1,380 per $1,000 of notes; if the basket finishes flat or declines, par
|
| Initial levels: | 2,943.03 for S&P, 1,598.356 for Russell and 1,973.94 for S&P MidCap
|
| Pricing date: | April 29
|
| Settlement date: | May 2
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.6%
|
| Cusip: | 40056FBU8
|
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