Published on 6/7/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.45 million trigger notes linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., June 7 – GS Finance Corp. priced $2.45 million of 0% trigger notes due Dec. 1, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than or equal to 75% of the initial index level, the payout at maturity will be par plus the greater of 1.8 times the index return and zero. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial index level.
Goldman Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Trigger notes
|
Underlying index: | Euro Stoxx 50
|
Amount: | $2,448,000
|
Maturity: | Dec. 1, 2020
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the final index level is greater than or equal to 75% of the initial index level, par plus the greater of 1.8 times the index return and zero; otherwise, 1% loss for every 1% that the final index level is less than the initial index level
|
Initial index level: | 3,584.55
|
Pricing date: | May 25
|
Settlement date: | May 31
|
Underwriter: | Goldman Sachs & Co.
|
Fees: | 3%
|
Cusip: | 40054LC44
|
|
© 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.