Published on 12/7/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $200,000 index-linked notes due 2019 tied to Stoxx
By Wendy Van Sickle
Columbus, Ohio, Dec. 7 – GS Finance Corp. priced $200,000 of 0% index-linked notes due Dec. 18, 2019 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 greater than or equal to its initial level, the payout at maturity will be par plus the return, capped at 15%. If the index falls by up to 17.8%, the payout will be par plus the absolute value of the return.
If the index declines by more than 17.8%, investors will lose 1% for every 1% that the index has declined below the initial level.
Goldman Sachs & Co. is the underwriter with JPMorgan as the placement agent.
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: | $200,000
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Maturity: | Dec. 18, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus return, capped at 15%; if index falls by up to 17.8%, par plus absolute value of index return; if the index declines by more than 17.8%, 1% loss for every 1% that the index has declined below the initial level
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Initial level: | 3,173.13
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Pricing date: | Nov. 30
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Settlement date: | Dec. 5
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Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
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Fees: | 1.1%
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Cusip: | 40056EJG4
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