Published on 5/1/2019 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.14 million index-linked notes on S&P 500, Russell
By Wendy Van Sickle
Columbus, Ohio, May 1 – GS Finance Corp. priced $1.14 million of 0% index-linked notes due April 30, 2024 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each index is zero or positive, the payout at maturity will be par plus 1.43 times the return of the lesser performing index.
If either index falls by up to 40%, the payout will be par.
If either index falls by more than 40%, investors will lose 1% for every 1% decline of the worse performing index.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying indexes: | S&P 500, Russell 2000
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Amount: | $1,137,000
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Maturity: | April 30, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of each index is zero or positive, par plus 1.43 times return of the lesser performing index; if either index falls by up to 40%, par; otherwise, 1% loss for every 1% decline of the worse performing index
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Initial levels: | 2,926.17 for S&P, 1,575.612 for Russell
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Pricing date: | April 25
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Settlement date: | April 30
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 4.43%
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Cusip: | 40056F5Z4
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