Published on 2/13/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $23.07 million leveraged notes tied to index basket
By Sarah Lizee
Olympia, Wash., Feb. 13 – GS Finance Corp. priced $23.07 million of 0% leveraged notes due Nov. 3, 2021 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, 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 payout at maturity will be par plus 5 times any basket gain, subject to a maximum return of 36.5%.
| Investors will | have one-to-one exposure to | any basket | decline.
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| Goldman Sachs & Co. LLC is the underwriter.
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| 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 assets: | Euro Stoxx 50 index (36% weight), Topix index (27% weight), FTSE 100 index (19% weight), Swiss Market index (10% weight) and S&P/ASX 200 index (8% weight)
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| Amount: | $23.07 million
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| Maturity: | Nov. 3, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 5 times any basket gain, subject to maximum return of 36.5%; full exposure to any | basket decline
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| Initial levels: | 3,661.27 for Euro Stoxx, 1,672.66 for Topix, 7,326.31 for FTSE, 10,664.95 for Swiss Market and 6,923.253 for S&P/ASX
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| Pricing date: | Feb. 3
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| Settlement date: | Feb. 10
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 1.46%
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| Cusip: | 40056YDF8
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