Published on 5/29/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $12.98 million digital notes due 2019 on Nasdaq-100
By Wendy Van Sickle
Columbus, Ohio, May 29 – GS Finance Corp. priced $12.98 million of 0% digital notes due June 26, 2019 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is zero or positive, the payout at maturity will be the maximum settlement amount of $1,061 per $1,000 principal amount.
If the index return is negative but not below negative 15%, the payout will be par. Otherwise, investors will lose 1.765% for every 1% decline in the index beyond 15%.
Goldman, Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Digital notes
|
Underlying index: | Nasdaq-100 index
|
Amount: | $12,975,000
|
Maturity: | June 26, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index return is zero or positive, par plus 6.1%; if index return is negative but not below negative 30%, par; otherwise, 1.1765% loss for every 1% decline in the index beyond 15%
|
Initial index level: | 6,949.699
|
Pricing date: | May 24
|
Settlement date: | June 1
|
Underwriter: | Goldman, Sachs & Co.
|
Fees: | 0.85%
|
|
Cusip: | 40055QAA0
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.