Published on 6/28/2016 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $501,000 eight-year par-protected notes tied to the Dow
By Susanna Moon
Chicago, June 28 – GS Finance Corp. priced $501,000 of index-linked notes due June 27, 2024 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus any index gain, up to a maximum settlement amount of $1,700 for each $1,000 principal amount.
If the index falls, the payout will be par.
Goldman Sachs & Co. is the agent.
| 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: | $501,000
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| Maturity: | June 27, 2024
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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 70% and floor of par
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| Initial level: | 17,400.75
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| Pricing date: | June 24
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| Settlement date: | June 29
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| Agent: | Goldman, Sachs & Co.
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| Fees: | 4.4%
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| Cusip: | 40054KD29
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