Published on 4/3/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.4 million capped notes linked to the Dow
By Marisa Wong
Morgantown, W.Va., April 3 – GS Finance Corp. priced $2.4 million of 0% notes due April 1, 2025 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.
If the index return is positive, the payout at maturity will be par plus the gain, capped at 85%. 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: | Index-linked notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $2,402,000
|
| Maturity: | April 1, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is positive, par plus gain, capped at 85%; otherwise, par
|
| Initial index level: | 20,550.98
|
| Pricing date: | March 27
|
| Settlement date: | March 30
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 4.4%
|
| Cusip: | 40054KXX9
|
|
|
© 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.
