Published on 8/2/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $1 million leveraged index-linked notes on Nasdaq-100
By Sarah Lizee
Olympia, Wash., Aug. 2 – GS Finance Corp. priced $1 million of 0% leveraged index-linked notes due Aug. 29, 2019 tied to the Nasdaq-100 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 2 times the index return, up to a maximum payment of $1,169 for each $1,000 of notes.
If the index declines, investors will receive par plus the index return with full exposure to losses.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
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Issue: | Leveraged index-linked notes
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Underlying index: | Nasdaq-100 index
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Amount: | $1 million
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Maturity: | Aug. 29, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus 2 times the index return, up to a maximum payment of $1,169 for each $1,000 of notes; if index declines, par plus the index return with full exposure to losses
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Initial index level: | 7,296.781
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Pricing date: | July 27
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Settlement date: | Aug. 3
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Underwriter: | Goldman Sachs & Co.
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Fees: | 0.91%
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Cusip: | 40055QND0
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