Published on 9/14/2020 in the Prospect News Structured Products Daily.
New Issue: Goldman sells $78,000 leveraged buffered index-linked notes on Dow Jones U.S. Select
By Kiku Steinfeld
Chicago, Sept. 14 – GS Finance Corp. priced $78,000 of 0% leveraged buffered index-linked notes due Sept. 5, 2025 tied 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 112.5% of the index return. Investors will receive par if the index falls by up to 20% and lose 1% for every 1% decline in the index beyond 20%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman, Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered index-linked notes
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Underlying index: | Dow Jones U.S. Select Dividend index
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Amount: | $78,000
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Maturity: | Sept. 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 112.5% of the index return; par if index falls by up to 20%; 1% loss for every 1% decline in index beyond 20%
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Initial index level: | 602.02
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Buffer level: | 80% of initial level
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Pricing date: | Aug. 31
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Settlement date: | Sept. 3
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 1.34%
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Cusip: | 40057CJY8
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