Published on 4/2/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $260,000 seven-year index-linked notes on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., April 2 – GS Finance Corp. priced $260,000 of 0% index-linked notes due March 27, 2025 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 1.7 times the index gain.
If the index finishes flat or falls, the payout will be par.
Goldman, Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying index: | Euro Stoxx 50
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Amount: | $260,000
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Maturity: | March 27, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 1.7 times index gain; if index finishes flat or falls, par
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Initial index level: | 3,298.07
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Pricing date: | March 23
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Settlement date: | March 28
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Underwriter: | Goldman, Sachs & Co. LLC
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Fees: | 4.475%
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Cusip: | 40055AQA8
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