Published on 12/28/2016 in the Prospect News Structured Products Daily.
New Issue: GS Finance prices $1 million of notes due 2019 linked to S&P 500 index
By Tali Rackner
Norfolk, Va., Dec. 28 – GS Finance Corp. priced $1 million of 0% index-linked notes due Dec. 27, 2019 tied to the S&P 500 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 zero or positive, the payout at maturity will be par plus the index return, subject to a maximum settlement amount of $1,142.50 per $1,000 of notes.
If the index return is negative, the payout will be par.
Goldman, Sachs & Co. is the underwriter.
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: | S&P 500 index
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Amount: | $1 million
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Maturity: | Dec. 27, 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 zero or positive, par plus the return, capped at $1,142.50 per $1,000 of notes; if index return is negative, par
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Initial index level: | 2,260.96
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Pricing date: | Dec. 22
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Settlement date: | Dec. 28
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 1.425%
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Cusip: | 40054KSF4
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