Published on 3/11/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $43,000 leveraged buffered notes on Dow Jones U.S. Select Dividend
By Kiku Steinfeld
Chicago, March 11 – GS Finance Corp. priced $43,000 of 0% leveraged buffered notes due March 5, 2025 linked to the Dow Jones U.S. Select Dividend index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 120% of the index return. If the index falls by up to 30%, the payout will be par. Investors will be exposed to losses of the index beyond 30%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered notes
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Underlying index: | Dow Jones U.S. Select Dividend
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Amount: | $43,000
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Maturity: | March 5, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 120% of index return; if index falls by up to 30%, par; exposure to loss beyond 30%
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Initial level: | 654.82
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Buffer level: | 70% of initial level
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Pricing date: | Feb. 28
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Settlement date: | March 4
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.85%
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Cusip: | 40056YED2
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