Published on 5/5/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $5.51 million index-linked notes tied to S&P
By Wendy Van Sickle
Columbus, Ohio, May 5 – GS Finance Corp. priced $5.51 million of 0% index-linked notes due Aug. 4, 2021 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index closes above its initial level, the payout at maturity will be par plus the index return, up to 19.25%.
Investors will lose 1% for every 1% decline.
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 index: | S&P 500
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Amount: | $5,505,000
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Maturity: | Aug. 4, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index closes above its initial level, par plus the index return up to 19.25%; if the index finishes flat or falls, 1% loss for every 1% decline from initial level
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Initial index level: | Lowest of closing levels of index on each trading day from April 28 through May 28
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Pricing date: | April 28
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Settlement date: | May 5
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.04%
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Cusip: | 40057E4F1
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