Published on 12/28/2018 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $155,000 of leveraged buffered notes on Euro Stoxx 50
By Devika Patel
Knoxville, Tenn., Dec. 28 – GS Finance Corp. priced $155,000 of 0% leveraged buffered notes due June 8, 2021 linked 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.
The payout at maturity will be par plus 3.3 times any index gain, up to a maximum settlement amount of $1,600 per $1,000 of notes.
Investors will receive par if the index falls by 10% or less and will lose 1% for every 1% decline in the index beyond 10%.
Goldman Sachs & Co. is the agent.
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: | $155,000
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Maturity: | June 8, 2021
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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 330% of the gain, capped at $1,600; par if index falls by up to 10%; 1% loss for every 1% decline in index beyond 10%
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Initial index level: | 3,214.99
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Pricing date: | Dec. 3
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Settlement date: | Dec. 6
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Agents: | Goldman Sachs & Co.
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Fees: | 0.975%
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Cusip: | 40056EC63
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