Published on 6/7/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $5.27 million autocallable buffered notes linked to Stoxx
By Wendy Van Sickle
Columbus, Ohio, June 7 – GS Finance Corp. priced $5.27 million of 0% autocallable buffered notes due June 6, 2028 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus an annualized call premium of 14.75% if the index closes at or above the initial index level on any annual call observation date.
If the notes are not called and the index return is zero or positive, the payout at maturity will be $2,475 per $1,000 principal amount. Investors will receive par if the index declines by 15% or less and will be exposed to declines beyond 15%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable buffered index-linked notes
|
| Underlying index: | Euro Stoxx 50
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| Amount: | $5,266,000
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| Maturity: | June 6, 2028
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| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If index return is zero or positive, $1,286.50 per note; par if index declines by 15% or less; exposure to decline beyond 15%
|
| Call: | Automatically at par plus annualized premium of 14.75% if index closes at or above initial index level any annual call observation date
|
| Initial level: | 3,406.65
|
| Pricing date: | June 1
|
| Settlement date: | June 8
|
| Agent: | Goldman, Sachs & Co.
|
| Fees: | 0.65%
|
| Cusip: | 40055QD33
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