Published on 3/4/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.27 million digital equity-linked notes tied to three stocks
By Marisa Wong
Morgantown, W.Va., March 4 – GS Finance Corp. priced $1.27 million of 0% digital equity-linked notes due April 1, 2020 linked to the least performing of the shares of Boeing Co., Booking Holdings Inc. and Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each stock finishes at or above its 70% threshold, the payout at maturity will be the maximum settlement amount of $1,145 per $1,000 principal amount.
If any stock falls by more than 30%, investors will be fully exposed to the decline of the least performing stock.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Digital equity-linked notes
|
| Underlying stocks: | Boeing Co. (Symbol: BA), Booking Holdings Inc. (Symbol: BKNG) and Microsoft Corp. (Symbol: MSFT)
|
| Amount: | $1,265,000
|
| Maturity: | April 1, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the return of each stock is at least negative 30%, par plus 14.5%; otherwise, full exposure to any losses of the least performing stock
|
| Initial prices: | $424.05 for Boeing, $1,910.52 for Booking and $110.97 for Microsoft
|
| Pricing date: | Feb. 25
|
| Settlement date: | Feb. 28
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.1%
|
| Cusip: | 40056EXV5
|
|
|
© 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.
