Published on 8/16/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $945,000 leveraged buffered notes on Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Aug. 16 – GS Finance Corp. priced $945,000 of 0% leveraged buffered index-linked notes due Feb. 15, 2022 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 161% of the index return. Investors will receive par if the index falls by up to 35% and lose 1% for every 1% decline in the index beyond 35%.
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 notes
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Underlying index: | Euro Stoxx 50
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Amount: | $945,000
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Maturity: | Feb. 15, 2022
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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 161% of index return; par if index falls by up to 35%; 1% loss for every 1% decline in index beyond 35%
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Initial index level: | 3,426.28
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Pricing date: | Aug. 10
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Settlement date: | Aug. 15
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 0.95%
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Cusip: | 40055QQG0
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