Published on 10/28/2016 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $2.1 million of notes linked to the GS Momentum Builder
By Wendy Van Sickle
Columbus, Ohio, Oct. 28 – GS Finance Corp. priced $2.1 million of 0% notes due Oct. 31, 2022 linked to the GS Momentum Builder Multi-Asset 5 ER 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 1.5 times any index gain. If the return is zero or negative, the payout will be par.
Goldman Sachs & Co. is the 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: | GS Momentum Builder Multi-Asset 5 ER index
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Amount: | $2,104,000
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Maturity: | Oct. 31, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain; if index falls or finishes flat, par
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Initial index level: | 98.91
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Pricing date: | Oct. 26
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Settlement date: | Oct. 31
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Agent: | Goldman, Sachs & Co.
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Fees: | 3.625%
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Cusip: | 40054KLG9
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