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 7/19/2017 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $1.26 million leveraged buffered notes on Euro Stoxx

By Marisa Wong

Morgantown, W.Va., July 19 – GS Finance Corp. priced $1.26 million of 0% leveraged buffered notes due Aug. 1, 2018 tied 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 index return is positive, the payout at maturity will be par plus 150% of the index return, subject to a maximum settlement amount of $1,146.40 per $1,000 principal amount. Investors will receive par if the index falls by up to 10% and lose 1.1111% for every 1% decline in the index beyond 10%.

Goldman, Sachs & Co. is the underwriter.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Leveraged buffered notes
Underlying index:Euro Stoxx 50
Amount: $1.26 million
Maturity:Aug. 1, 2018
Coupon:0%
Price:Par
Payout at maturity:Par plus 150% of any index gain, with return capped at 14.64%; par if index falls by up to 10%; 1.1111% loss for every 1% decline in index beyond 10%
Initial index level:3,441.88
Final level:Average of closing levels on five averaging dates ending July 27, 2018
Pricing date:June 30
Settlement date:July 6
Underwriter:Goldman, Sachs & Co.
Fees:1.14%
Cusip:40054LGX6

© 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.