Published on 1/28/2016 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $605,000 par-protected notes due 2023 linked to the Dow
By Susanna Moon
Chicago, Jan. 28 – GS Finance Corp. priced $605,000 of 0% buffered notes due July 28, 2023 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum settlement amount of $1,650 for each $1,000 principal amount.
If the index falls, the pay will be par.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Notes
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| Underlying index: | Dow Jones industrial average
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| Amount: | $605,000
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| Maturity: | July 28, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain, capped at 65%; floor of par
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| Initial level: | 15,885.22
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| Pricing date: | Jan. 25
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| Settlement date: | Jan. 28
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| Underwriter: | Goldman, Sachs & Co.
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| Fees: | 4.4%
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| Cusip: | 40054CAM6
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