Published on 2/23/2017 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $2.64 million trigger notes linked to Stoxx Europe 600
By Susanna Moon
Chicago, Feb. 23 – GS Finance Corp. priced $2.64 million of 0% trigger notes due May 23, 2018 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its 85% trigger level, the payout at maturity will be par plus 9.65%.
Otherwise, investors will be fully exposed to any losses.
Goldman Sachs & Co. is the agent, with JPMorgan as the placement agent.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | Stoxx Europe 600
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Amount: | $2,635,000
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Maturity: | May 23, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes above 85% trigger level, plus 9.65%; otherwise, 1% loss for each 1% decline
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Initial level: | 370.22
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Trigger level: | 85% of initial level
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Pricing date: | Feb. 17
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Settlement date: | Feb. 23
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Agent: | Goldman, Sachs & Co. with JPMorgan
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Fees: | 1.22%
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Cusip: | 40054KWX0
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