E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 7/5/2017 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $22.24 million index-linked trigger notes on Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, July 5 – GS Finance Corp. priced $22.24 million of 0% index-linked trigger notes due July 6, 2021 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Goldman Sachs Group, Inc. guarantees the notes.

If the final index level is equal to or greater than 70% of the initial level, the payout at maturity will be par plus the greater of 2.09 times the index return and zero.

Otherwise, investors will receive par plus the index return, with full exposure to the index decline.

Goldman Sachs & Co. is the underwriter.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Index-linked trigger notes
Underlying index:Euro Stoxx 50 index
Amount:$22,238,000
Maturity:July 6, 2021
Coupon:0%
Price:Par of $1,000
Payout at maturity:If final index level is at or above trigger level, par plus 2.09 times index return, with a floor of par; otherwise, par with full exposure to any losses
Initial index level:3,441.88
Trigger level:70% of initial level
Pricing date:June 30
Settlement date:July 6
Underwriter:Goldman Sachs & Co.
Fees:1.8%
Cusip:40054LHF4

© 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.