Published on 2/11/2020 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $622,450 PLUS linked to Russell 2000
By Wendy Van Sickle
Columbus, Ohio, Feb. 11 – GS Finance Corp. priced $622,450 of 0% Performance Leveraged Upside Securities due May 5, 2021 linked to the Russell 2000 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 300% of the index return up to a maximum gain of 13.8%. If the index return is negative, investors will lose 1% for every 1% that the index declines from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | Performance Leveraged Upside Securities
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Underlying index: | Russell 2000
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Amount: | $622,450
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Maturity: | May 5, 2021
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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 300% of index return up to a maximum gain of 13.8%; if index return is negative, 1% loss for every 1% that index declines from initial level
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Initial level: | 1,614.061
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Pricing date: | Jan. 31
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Settlement date: | Feb. 5
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 2.35%
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Cusip: | 36259H195
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