Published on 12/20/2016 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1.82 million trigger notes linked to S&P 500 index
By Devika Patel
Knoxville, Tenn., Dec. 20 – GS Finance Corp. priced $1.82 million of 0% trigger notes due March 21, 2018 linked 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.
The payout at maturity will be par plus 8.1% if the index finishes above the 85% buffer level.
If the index finishes below 85% of the initial index, investors will lose 1% for each 1% decline.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Trigger notes
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Underlying index: | S&P 500
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Amount: | $1.82 million
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Maturity: | March 21, 2018
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | If index finishes above the 85% buffer level, par plus 8.1%; otherwise, 1% loss for each 1% decline
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Initial index level: | 2,258.07
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Final level: | Average of index closing levels on the five trading days ending March 16, 2018
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Pricing date: | Dec. 16
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Settlement date: | Dec. 21
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Agent: | Goldman, Sachs & Co.
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Fees: | 1.22%
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Cusip: | 40054KS56
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