Published on 5/13/2019 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $500,000 leveraged index-linked notes tied to Dow, S&P MidCap
Chicago, May 13 – GS Finance Corp. priced $500,000 of 0% leveraged index-linked notes due July 30, 2020 tied to the Dow Jones industrial average and the S&P MidCap 400 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 gain of the lesser performing index, subject to a maximum settlement amount of $1,145 per $1,000 face amount of notes.
If either index falls below its initial amount, investors will participate in the losses of the lesser performing index, subject to a minimum settlement amount of $920.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Issue: | Leveraged index-linked notes
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| Underlying indexes: | Dow Jones industrial average and S&P MidCap 400
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| Amount: | $500,000
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| Maturity: | July 30, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If both index returns are positive, par plus 1.25 times the return of the lesser performing index, subject to a maximum settlement amount of 11.6%; if either index return is negative full participation in losses of lesser performing index, subject to minimum return of $920
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| Initial index levels: | 26,543.33 for Dow, 1,973.92 for S&P
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| Pricing date: | April 26
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| Settlement date: | May 1
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| Underwriter: | Goldman, Sachs & Co. LLC
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| Fees: | 0.6%
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| Cusip: | 40056FBK0
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