Published on 4/3/2017 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $665,000 capped leveraged notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., April 3 – GS Finance Corp. priced $665,000 of 0% leveraged index-linked notes due June 1, 2018 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 positive, the payout at maturity will be par plus 200% of the index gain, subject to a maximum return of 13.4%. Investors will be fully exposed to any index decline.
Goldman, Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Leveraged index-linked notes
|
Underlying index: | S&P 500
|
Amount: | $665,000
|
Maturity: | June 1, 2018
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index return is positive, par plus 200% of the index return, capped at 13.4%; full exposure to any index decline
|
Initial index level: | 2,343.98
|
Pricing date: | March 24
|
Settlement date: | March 31
|
Underwriter: | Goldman, Sachs & Co.
|
Fees: | 1.6%
|
Cusip: | 40054KYU4
|
|
© 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.