Published on 7/12/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1.75 million eight-year leveraged notes on S&P 500
By Marisa Wong
Morgantown, W.Va., July 12 – GS Finance Corp. priced $1.75 million of 0% leveraged index-linked notes due July 1, 2026 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 return is positive, the payout at maturity will be par plus 103% of the index gain.
If the index finishes flat or falls, the payout will be par.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,745,000
|
| Maturity: | July 1, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 103% of any index gain; par if index finishes flat or falls
|
| Initial index level: | 2,723.06
|
| Pricing date: | June 26
|
| Settlement date: | June 29
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 4.45%
|
| Cusip: | 40055QC42
|
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