Published on 4/12/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $9.12 million leveraged buffered on index basket
By Marisa Wong
Morgantown, W.Va., April 12 – GS Finance Corp. priced $9.12 million of 0% leveraged buffered notes due April 3, 2019 linked to a basket of indexes, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum settlement amount of $1,363 for each $1,000 principal amount of notes.
Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
Goldman, Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Leveraged buffered notes
|
Underlying basket: | Euro Stoxx 50 index with a 37% weight, FTSE 100 index with a 23% weight, Topix index with a 23% weight, Swiss Market index with a 9% weight and S&P/ASX 200 index with an 8% weight.
|
Amount: | $9,118,000
|
Maturity: | April 3, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.5 times any basket gain, up to a maximum settlement amount of $1,363 for each $1,000 principal amount; par if the basket falls by up to 10%; 1.1111% loss for each 1% decline beyond 10%.
|
Initial levels: | 3,500.93 for Euro Stoxx, 7,322.92 for FTSE, 1,512.60 for Topix, 8,658.89 for Swiss Market and 5,864.905 for S&P/ASX
|
Pricing date: | March 31
|
Settlement date: | April 7
|
Underwriter: | Goldman Sachs & Co.
|
Fees: | 1.65%
|
Cusip: | 40054L4E1
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.