Published on 1/26/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $998,000 digital notes on iShares EM, Euro Stoxx
By Wendy Van Sickle
Columbus, Ohio, Jan. 26 – GS Finance Corp. priced $998,000 of 0% digital notes due July 26, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund and 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 return of each underlier is at least negative 25%, the payout at maturity will be the maximum settlement amount of $1,122.50 per $1,000 of notes.
Otherwise, investors will lose 1% for every 1% decline of the lesser-performing underlier from its initial level.
Goldman Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Digital notes
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Underlying assets: | iShares MSCI Emerging Markets ETF and Euro Stoxx 50 index
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Amount: | $998,000
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Maturity: | July 26, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of each underlier is at least negative 25%, par plus 12.25%; otherwise, 1% loss per 1% decline of worse performing index or fund
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Initial levels: | $50.44 for ETF and 3,649.07 for index
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Pricing date: | Jan. 19
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Settlement date: | Jan. 26
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Agent: | Goldman Sachs & Co. LL
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Fees: | 0.15%
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Cusip: | 40055AD87
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