Published on 2/24/2017 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $326,000 seven-year leveraged notes linked to Stoxx 50
By Susanna Moon
Chicago, Feb. 24 – GS Finance Corp. priced $326,000 of 0% leveraged index-linked notes due Feb. 27, 2024 tied to the Euro Stoxx 50, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 105% of any index gain.
If the index falls, the payout will be par.
Goldman, Sachs & Co. is the underwriter.
The notes are guaranteed by Goldman Sachs Group, Inc.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged index-linked notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $326,000
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| Maturity: | Feb. 27, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 105% of any index gain, floor of par
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| Initial index level: | 3,339.27
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| Pricing date: | Feb. 22
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| Settlement date: | Feb. 27
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| Underwriters: | Goldman, Sachs & Co.
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| Fees: | 4.9%
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| Cusip: | 40054KVC7
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