Published on 7/6/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.09 million leveraged buffered notes on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., July 6 – GS Finance Corp. priced $2.09 million of 0% leveraged buffered index-linked notes due Dec. 30, 2020 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 155% of the index return. Investors will receive par if the index falls by up to 25% and lose 1% for every 1% decline in the index beyond 25%.
Goldman, Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Leveraged buffered index-linked notes
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Underlying index: | Euro Stoxx 50
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Amount: | $2,088,000
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Maturity: | Dec. 30, 2020
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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 155% of the index return; par if index falls by up to 25%; 1% loss for every 1% decline in index beyond 25%
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Initial index level: | 3,441.60
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Pricing date: | June 22
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Settlement date: | June 29
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 0.175%
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Cusip: | 40055QB35
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