E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 7/8/2020 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $2.18 million notes on Momentum Builder

By Kiku Steinfeld

Chicago, July 8 – GS Finance Corp. priced $2.18 million of 0% index-linked notes due June 30, 2027 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The payout at maturity will be par plus 1.25 times any index gain. If the index finishes flat or falls, the payout will be par.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Index-linked notes
Underlying index:GS Momentum Builder Multi-Asset 5S ER index
Amount:$2,178,000
Maturity:June 30, 2027
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.25 times any index gain; otherwise, par
Initial index level:106.47
Pricing date:June 25
Settlement date:June 30
Agent:Goldman Sachs & Co. LLC
Fees:4.53%
Cusip:40057C7E5

© 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.