Published on 8/29/2016 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $999,000 eight-year notes linked to Dow
By Angela McDaniels
Tacoma, Wash., Aug. 29 – GS Finance Corp. priced $999,000 of 0% notes due Aug. 29, 2024 linked to the Dow Jones industrial average, 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 the index return, subject to a maximum return of 55%. If the index return is zero or negative, the payout will be par.
Goldman Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Notes
|
Underlying index: | Dow Jones industrial average
|
Amount: | $999,000
|
Maturity: | Aug. 29, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is positive, par plus index return, subject to 55% maximum return; if index return is zero or negative, par
|
Initial index level: | 18,448.41
|
Pricing date: | Aug. 25
|
Settlement date: | Aug. 30
|
Underwriter: | Goldman Sachs & Co.
|
Fees: | 4.4%
|
Cusip: | 40054KH41
|
|
© 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.